cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Can I deduct business-related expenses from income generated by passive real estate investments sitting within a LLC? (e.g., legal fees, travel to find new investments)

 
1 Reply
Level 20

Can I deduct business-related expenses from income generated by passive real estate investments sitting within a LLC? (e.g., legal fees, travel to find new investments)

Can you deduct ordinary and necessary expenses related to your real estate investment from the income generated by your real estate investment? Yes.

 

Can you deduct ordinary and necessary expenses related to your business from income generated by your real estate investment? No.