I just finished two tax books, “Tax Free Wealth” and “Tax Strategies for the Savvy Real Estate Investor”, and both books talk about how to deduct vacation expenses with some planning. However, my tax advisor told me ...

Hey All,I'll be visiting Memphis, TN for the first time next week, for the purpose of conducting further due diligence on my first investment rental property that I have in escrow at the moment.I'll be riding around w...

I'm trying to make sense of what I'm reading about deducting meals. It looks like I have to be on a business trip in order to take the deduction. Is that right? Here's my scenario:

I'm getting ready to take posses...

Hello all!I'm looking into investing into a commercial syndication in the southeast.The question I had is if I take a trip to the city of the investment, is the trip tax deductible?Does the deduction depend on the rat...

I'm a little confused on the gas mileage deductions.  In years past I have purchased a property for rental purposes and worked on it myself for several months until "ready" to rent.  The properties are rented in the s...

Hi Everyone,New investor here. Just bought a SFR rental in Mesa, AZ and I am already doing some tax planning. I live in California, so I plan to drive to my rental property and I had a question regarding travel expens...

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...

My partner and I have been investing on our own for about 10 years.  Neither of use has ever read a book or gone to school for it.  I'm a GC and handyman and have been in construction since I was 18, I'm 42 this year....

Hi BP community!  I am a newbie to vacation rentals - helping my mother and father turn their beach home into a rental to help subsidize (likely, soon) assisted living/nursing home expenses.  Their property is in Sout...

Good evening to all.I am just getting started in my RE investment journey and after long thoughts I have finally decided to invest in Wichita, KS even if I live in San Diego. I have lived there for a couple of years a...