Asked by Tony Grier, San Jose, CA • Sun Oct 23, 2011
I am real-estate specialist (or consultant) in identifying properties which can return a good return - I started helping my brother acquire homes and now this has become my full-time job. I am loving this - My brother will have acquired 6 properties or more by the end of this year and there are a few more of my friends interested in this service.
Now, my brother wants to compensate, because he is making a decent return through rentals. I am wondering if any of you are aware, if he can claim tax benefits on it - as in, is this consulting fee 'tax deductible' for an investor like him. I know I will be approaching a tax consultant however wanted to share / post this on Truilia to get some collective thoughts. Thanks!
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