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Marilyn Cola…, Both Buyer and Seller in Rochester, NY

Are tax deductions for part time investors the same as full time investors?

Asked by Marilyn Colangelo, Rochester, NY Fri Nov 14, 2008

If you are part time real estate investor and still working full time in a regular job do you get the same tax deductions on your properties as a full time investor? Thanks

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Elayne Tiller, Realtor, GRI, QSC’s answer
Hi Marilyn.......The tax laws are so complicated that you should ask a tax expert, which would be a tax accountant in your area. Ask your friends or co-workers for recommendations, and call your local Board of Realtors, too. They may have affiliate members that are tax accountants. Elayne Tiller, GRI, 231-632-0035 or elaynetiller@realestateone.com, Real Estate One, Traverse City, MI
0 votes Thank Flag Link Fri Nov 14, 2008
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