Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.

Posted over 10 years ago

2015 Tax Deduction Tips for Real Estate Investors - Mileage

I just attended a Savannah Area REALTOR hosted seminar on 2015 tax deduction strategies. Check out this tip I just learned: Did you know you can use something called the 90-day Test when you are deducting business mileage driven? First of all, you will earn more by using the actual expenses vs. mileage deduction method. Second, instead of being burdened by recording your trips all year, just make sure to do so accurately for 3 months, then apply that number to the rest of the year. (disclaimer: I'm not a tax pro)


Comments