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Tax season for a beginner
hey guys! so im in the beginning beginning stages of my real estate career. I just recently bought a house im in the middle of trying to flip that I bought 2 months ago. I opened my own LLC in December and I was wondering despite the fact that I haven't sold a property yet or collected any rental income am I entitled to any tax breaks or write offs? or should I wait until next year when I've actually made profits made to hire an accountant. I don't know much about taxes but I've read that gas, food and a home office is tax deductible. any info would be appreciated. thanks!