Claim business expenses when filing tax

[Joe Au]

Do you have to have an LLC in order to claim real estate related business expenses? If not, how many deals do you have to do per year so that you are consider as running a real estate business?

[Dave Holland]

@Joe Au

No you certainly do not need to have an LLC in order to claim business expenses, you simply must be operating as a business. If you haven't formed a business entity you would be a sole proprietor.

Let me know if you have other questions.