Updated over 4 years ago on . Most recent reply
Bought a Flip in another State, can I deduct housing and meals
I purchased a flip in another state and wondering if I am able to deduct housing and meals etc during my two month stay. Is there anything else that I would be able to deduct off my taxes. In addition how would I itemize payments to laborers I paid cash to. All I have is their names. I realize now the many many mistakes I made on this flip and how short term capital gains really take a hit on my profit. Thanks