
8 March 2021 | 3 replies
Hello, I was wondering if anyone had any insight on if expenses incurred in obtaining a vehicle for my real estate business would be tax deductible.Example: I own property in Michigan and purchased a vehicle for $10,000 in Phoenix Arizona.

17 January 2020 | 8 replies
I also will have to purchase a vehicle around the same time.

20 April 2023 | 33 replies
For example, last month I made a request to paint stripes for parking because vehicles were parking in positions that did not allow optimal use of the parking lot.

29 November 2020 | 1 reply
You have to show that you are in the business of doing flips before you can actually deduct the expenses.If you have more than one business - you can potentially deduct vehicle expenses(standard or actual method).If you are an employee, deducting vehicle expenses is currently suspended.

8 January 2022 | 211 replies
@Loren ThomasThat's precisely what I mean.

10 April 2023 | 11 replies
If you are thinking of real estate investing as REITS or Mutual Funds, I would advise my friends to stay away because those assets do not have the critical tax benefits offered by direct ownership of real estate.If you are going to create vehicles whereby people can invest directly in real estate and get the full depreciation benefits of ownership, then you need to have an excellent track record.

10 April 2023 | 2 replies
Sometimes those things align seamlessly, and others, it's a chaotic rollercoaster ride with no guardrail, tracks, or seatbelts..... yet I'm grateful for the vehicle RE offers.

29 January 2021 | 5 replies
Probably on chickens, non-registered vehicles.

8 April 2023 | 20 replies
No boats, trailers, RVs, off-road vehicles, unlicensed/unregistered vehicles, project cars, etc.

9 March 2022 | 4 replies
This makes it easier at the "top" of the turn to get the vehicle in.