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General Real Estate Investing

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Marcus R.
  • Real Estate Agent
  • Denver CO
273
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160
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Tax deductions for pets used in real estate business?

Marcus R.
  • Real Estate Agent
  • Denver CO
Posted Jul 5 2022, 11:27

This is a bit of a weird question but under any structure (Sole prop, LLC, etc...) does anyone write off pet expenses if your pet is legitimately used in your business? I know it's a bit of a stretch, but I've heard of some pretty extreme tax deductions so figured it's worth asking.

My thought is…if you niche is pet friendly rentals (multiple pets allowed, no breed restrictions, low monthly pet fee, majority of tenants have pets, close to dog parks, etc..) and you use your pet to advertise your rentals through daily social media posts and can validate the hours “worked” by the pet for filming and posting content then perhaps the pet expenses can be deducted.

Thoughts? Has anyone tried this?

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