Pro Membership Tax Deduction

6 Replies

I am interested in getting  a Biggerpockets Pro Membership, but I'm wondering if I would be able to deduct it as a real estate business expense. I currently have one rental. Does anyone know if this is possible?

Yes that would be a deduction as it is business related. It must be ordinary and necessary. In this case it would be education purposes.

I currently own 2 rental properties but I am not incorporated. My rental income and expenses are reported on Schedule E. Where would I put the expense for BP Pro? Would I just put it as "Other Expenses" against one of the properties?