What expenses can I deduct as a real estate investor?
An example of an AI chatbot conversation about deductible expenses for real estate investors.
What expenses can I deduct as a real estate investor?
As a real estate investor, you can deduct various expenses such as mortgage interest, property taxes, and repairs.
Can I deduct the cost of my property management fees?
Yes, property management fees are deductible as they are considered a necessary expense for managing your investment.
What about travel expenses related to my properties?
Absolutely! Travel expenses for visiting your rental properties can be deducted, including mileage and lodging.
Are there any limits on these deductions?
While many expenses are deductible, it's important to keep accurate records and consult a tax professional for specific limits.
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