Lane KawaokaPoster
Pro Member
- Rental Property Investor
- Honolulu, HAWAII (HI)
- 2,596
- Votes |
- 4,222
- Posts
Tax Deductions Poll for Travel/Entertainment
The IRS groups us buy and hold investors and sorts and arranges our tax returns on a massive scale. Therefore the name of the game is to not be an outlier for example someone who has total rents of $20K a year but takes $8K in deductions for Meals and Entertainment. I as hoping if we could start a mini poll to see where we each stand amongst our Buy and Hold cohorts.
I made a spread sheet that you can anonymously list your rental income and how much you are claiming in travel/meal expenses. Click to access my spreadsheet below:
https://docs.google.com/spreadsheet/ccc?key=0AogFjCt6Knc1dGtDS09jTUhTM013YjM4bG5uT0YtRWc&usp=sharing