Hello, I am a new agent in NYC. What expenses am I able to write off?Just curious.Thanks
Wanted to reach out to any investors out there and ask about items that may be tax deductible. I recently sent up my LLC, bought a new computer (for business purposes of course), joined my local REI Association, and a...
I did something new this year. I had a prospective tenant offer to lease a rental house I own if I would buy out their current lease. The cost of the buy out was very close to one month's rent on my rental, so it wa...
I am new to Real Estate investing. What expenses can I deduct on my Income Taxs?
Hello All,I started (in Oct.) with real estate investing and I haven't done any deals yet and I haven't registered a business entity, I've been getting doing training, have start up business costs, gone to seminars an...
I've recently had my accountant do my 2008 income taxes and I was surprised that he informed me that I could not take deductions for my real estate investment training that I purchased in 2008. A big one was the Rich...
Are the books and membership bought from either BiggerPockets or any other site considered tax deductible if you are using the books to help educate you to build your business or entity?
Tax deductions ideas on my fourplex that I live in? Should I LLC this first fourplex?
BP, I read somewhere that I could claim my real estate education as a tax deduction, but my tax accountant told me that is not true. (By my understanding ) - He said RE education can only be claimed if you are alread...
Are the following items deductible expenses for an LLC ?
- state fees paid to open the LLC
- fees to open and maintain a post office box
- cell phone plan