Chad Hurin
PM may stop providing me his services...
So, some of my other posts show I bought a few units from a guy that offered owner finance. His SFH are all in a land trust and the way the attorney wrote the note is we are both beneficial interests of the trust (not...
Bill Briscoe
Meals Tax deductions at 50% or 100%
Which deduction do most rehabbers use when providing water, snacks, pizza, beer, etc for their work crews (family, friends, etc) on the jobsite?
I had always used the 50% deduction in other businesses, but ac...
Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?
Jason Xue
Business Meals on Travel
I am planning to visit my rental property (out of state) and meet with my team (agent, property manager, etc). I know that the mileage (I'm driving) is fully deductible, but are all meals also deductible? or only the ...
Gage Bohn
Springfield IL's successful investors are getting what exactly? Chime in your opinion
Are you a successful real estate investor in or near Springfield, Illinois?
If so, I'd like to invite you to a FREE meal on me!
My name is Gage, and I'm a newcomer to the vast world of real estate. I've manage...
Georges A.
Entertainment / Meal Receipts
This is a very basic question so I apologize in advance:I racked up a LOT of meal / entertainment receipts for being an agent / Property manager. Am I trying to use them to evade taxes and deduct my day to day meal e...
Shane Moss
Meal Tax Deduction Clarification
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...
Edita D.
Standard meal allowance deduction.
Hey guys!
For meal expenses while traveling overnight for a rental activity, one can use either an actual expense method for meals or standard meal allowance (utulizing per diem rates. See here http://www.irs.gov/pub/...
Tara Brandner
Selling meals to those who rent vacation homes and short term?
We live in a rural town that attracts a lot of groups who fish and hunt. The need has been brought forward that they would like "home cooked meals" and my mother happens to love cooking. The thought was to have it pre...
Mark S.
Making My Turnkey Provider Trip Tax Deductible
I've done a little reading on making trips/vacations tax deductible, but I'm still not totally clear.
I am going to visit an out-of-state turnkey provider as part of my due diligence process to meet them and see th...