My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Finance

Is there a way to write off operating expenses for investment property?

min read
Opinions expressed by Entrepreneur contributors are their own.
If they haven’t already, your relatives should speak to an accountant who is familiar with accounting procedures for investment properties. Not all accountants are comfortable with this area.

The reasons their write-offs are (supposedly) limited may have little to do with their income and more with the way in which they are writing off the property. Creating an LLC or corporation to own (not just to manage) the property is usually a better idea as another shield of protection against personal liability.

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur