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78
Posts
20
Votes
Ben Gammon
  • Property Manager
  • cincinnati, OH
20
Votes |
78
Posts

Sole Proprietor owner occupied multifamily TAXES

Ben Gammon
  • Property Manager
  • cincinnati, OH
Posted

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! 

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