Sole Proprietor owner occupied multifamily TAXES
Hey There! First year as a real estate investor.
How do I file my taxes? What forms do I fill out? What can I claim?
I bought a vacant, uninhabitable fourplex foreclosure from HUD in Cincinnati, OH in December 2016 as an owner occupant/sole proprietor. I drove out from CA in January and am incurring a lot of expenses.
Does anyone have a good guide for what you claim and what forms I should fill out to claim them?
Can I claim the move out here? Any reason I shouldn't use turbo tax? Can I claim gas for driving to Home Depot like 9 times in one day???
Thanks Everyone!