If you're a real estate professional, the home office deduction can be valuable.

Hi Ayoka - You can deduct expenses but you might have to capitalize it.

Hi Lilly,Having an LLC has some advantages compared to flipping including the ability to deduct business expenses like mileage and meals, which can lead to significant tax savings.

This is a general question for security deposit deductions made by a landlord of a complex.

Will I lose depreciation deductions if I use Roth IRA fund?

What are some good end of year tax deduction strategies (outside of increasing your 401lk contributions).

-  How do you assess deductions for damage in a common area such as a kitchen? 

When structured properly it can come with a property tax deduction and sometimes deferral DM me if you’re still looking for assistance with land trust formations  

Having a dedicated account for property-related income and expenses makes it easier to track and document everything for tax filings, deductions, and accounting.

While you may get a 199A deduction, you are paying a high tax rate.If we are talking about REIT's listed on an exchange, there are additional overhead costs as you mentioned - You have to get audited financial statements and also comply with certain SEC laws.