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Is travel expenses a tax deductible espense when investigating real estate to pucrchase?

If you already have set up an LLC or any other type of corporation to hold real estate assets, all your expenses related to real estate should be deductible.


Why do some people say that real estate taxes are taxes on middle-class people?

Only middle-class people pay a real estate tax.B.Real estate taxes make up a large part of the expenses of most middle-class people. Middle-class people benefit the most from real estate taxes. There is no good reason -- it is a myth.


Collecting Funeral expenses?

You can pay funeral expenses out of an estate. You are allowed to be reimbursed for these expenses when the estate is being settled.


Can you deduct real estate investment travel?

Perhaps. It depends on what you mean by "real estate investment travel."Travel to and from rental buildings you own, or travel expenses to look at rental properties is deductible. However, travel to a real estate investment convention would not be deductible.


Is real estate considered a high-risk investment?

Real estate can be considered a high-risk investment due to factors like market fluctuations, economic conditions, and potential for unexpected expenses. Investors should carefully assess risks before investing in real estate.


What does NOI stand for in real estate?

Net Operating Income - typically used in residential investment or commercial real estate to refer to the income derived from owning the investment after all the expenses and taxes are paid.


How do you get reimbursed from an estate for funeral expenses?

sell the estate cover the expenses then buy it back with a parcial loan


What expenses can be claimed as an executor of an estate?

Reasonable expenses can be charged to the estate. The executor can also receive payment.


Do you need money to become a real estate agent?

Yes, you typically need money to become a real estate agent. This includes costs for licensing courses, exam fees, association fees, and marketing expenses.


How do you finance a real estate project?

You can finance it by knowing all the possible expenses that your project may have in the future as well as assessing current expenses of all the materials and work you'll be needing.


What expenses can you deduct on your taxes when selling a house?

When selling a house, you can potentially deduct expenses such as real estate agent commissions, legal fees, and certain home improvement costs from your taxes.


How do you calculate capital gains on real estate?

To calculate capital gains on real estate, subtract the property's purchase price and any expenses from the selling price. The resulting amount is the capital gain, which is subject to capital gains tax.