2018 Taxes - I am stuck!

[Portia Bates]

I am stuck.  I usually am able to deduct a big chunk of my tax burden by using my home office for my rental properties.  I don't see how to do that this year with the new rules of not writing off home offices when you are a W-2. I also don't see how to write off the inspection that I completed ($275) in October for a house that I purchased in January.  Finally, can I write off educational books and forums (like this one) that I have joined to continue my study in this market where I actually do buy homes?

I know, I know, get a tax professional. But, with one unit still unrented after renovation, buying another one, and now that one is being renovated, I don't have the cash to do so, hence the need to find some answers here hopefully. By the way, I use Turbo Tax and up until now it's gotten me along just fine.  Help!

[Basit Siddiqi]

@Portia Bates

If cash is a issue now - maybe you can work with an accountant to spread the cost in 2 payments. One now and another in 3-4 months.

Home office deduction - correct, it is no longer eligible for taxpayer's who trade or business is being an employee as the 2% deductions were removed from itemized deductions. The home office deduction is available for rentals businesses. 

Inspections are normally added to basis of property and not expensed immediately. 

Items are deductible if they are ordinary and necessary to your trade or business. I would argue that educational books and subscription fees to real estate material as ordinary and necessary.