This might be helpful:  If a taxpayer's capacity in a given activity is more akin to that of an investor, then the activity cannot be treated as participation for purposes of deducting passive losses unless the taxpayer is involved in day-to-day management.

Why not look for the next great opportunity in a market that you would like to personally explore and visit; you never know...that ski vacation or beach escape could be a great tax deduction in part as you manage your real estate business.Just another option...

The agency's stance on this matter is that whoever actually makes the mortgage payments on the loan has the right to deduct the interest.

Do you get the benefits of the 20% QBI deduction?

Reserves don’t fit that description, and in fact would not be treated as a deductible expense on your taxes.Perhaps even more telling is the fact that we expect the money spent on an expense to leave our possession and be delivered to a third party who is providing some product or service.

Is a utility allowance usually deducted from the SAFMR? 

What do I do if my taxable income is low due to deductions on taxes as a 1040 worker?

How do you prevent from piercing the corporate viel if you aim to deduct expenses that have come from your personal credit card (home office, travel..etc)

no you can’t take deduction for the entire asset. 

Owned 1 year 10 months. 1. would RE property taxes Paid in 2019 be deducted in 2019 tax year?