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Tax, SDIRAs & Cost Segregation

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Jorge Rivera
  • Rental Property Investor
  • Long Island and New Jersey
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34
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Tax write off without income

Jorge Rivera
  • Rental Property Investor
  • Long Island and New Jersey
Posted Aug 9 2020, 20:49

Hey BP! For my accountants and tax gurus out there...

I started an LLC ready to start real estate investing right before COVID. Looks like I'm sitting this year out (based on the market). I have business expenses related to real estate I would like to write off, but I won't have any income generated this tax year. How can I still write it off while filing taxes next year? Thanks a bunch!

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