Updated over 4 years ago on . Most recent reply
Newbie Tax Deduction
Hello All!
November 2020 was my introduction to the world of real estate investing. I purchased some startup equipment and educational materials (dedicated laptop, BiggerPockets subscription, a few webinars) and a had a direct cost (an inspection on a non-owner occupied investment property I did not purchase) but did not have a real estate transaction before the end of the year, and did not set up any sort of legal business entity. I have a W-2 job and my annual deductions are more than the standard deduction. Can I write these real estate expenses?
Thanks!