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Tax, SDIRAs & Cost Segregation

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Stephen Mendoza
  • Accountant
  • Houston, TX
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Tax deductible expenses for researching properties?

Stephen Mendoza
  • Accountant
  • Houston, TX
Posted Aug 3 2008, 10:53

Under the assumption that there are no "dumb" questions...I am a newbie to real estate investing. Are the expenses I incur researching properties tax deductible? What about mileage expenses when driving out to various property sites? I tried researching IRS publications but could not find anything related to this type of activity. Any advice is appreciated.

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