What deductions can I claim as a real estate investor?
An example of an AI chatbot conversation about deductions available for real estate investors.
What deductions can I claim as a real estate investor?
As a real estate investor, you can claim deductions like mortgage interest, property taxes, and depreciation.
Can I deduct expenses for repairs and maintenance?
Yes, expenses for repairs and maintenance are generally deductible in the year they are incurred.
What about travel expenses related to my properties?
Travel expenses for visiting your rental properties can be deducted, including mileage and lodging.
Are there any limits on these deductions?
Some deductions may have limits, especially if they relate to personal use of the property. It's best to consult a tax professional.
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