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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationWriting Off Your Car Purchase
Makhwarand Khan's profile image
Makhwarand Khan's profile image
Makhwarand Khan
  • Real Estate Agent
  • from Somerville, MA
  • Member since Sep 28, 2017
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Makhwarand Khan's profile image
Makhwarand Khan's profile image
Makhwarand Khan
  • Real Estate Agent
  • from Somerville, MA
  • Member since Sep 28, 2017
Connect
Makhwarand Khan
  • Real Estate Agent
  • Somerville, MA
6
Votes |
20
Posts
Tax, SDIRAs & Cost Segregation

Writing Off Your Car Purchase

Makhwarand Khan
  • Real Estate Agent
  • Somerville, MA
Posted Mar 8 2018, 17:06
Hello people of BiggerPockets, I plan to be a realtor sometime soon. I just learned that realtors are self-employed and file their taxes on a 1099 form. This means I can write off expenses related to my work. Hence, I would like to know that if I were to buy a car with cash upfront for my realtor work, can I write off the whole purchase on my taxes?
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