Posted by JHyre in Ohio on February 07, 2002 at 06:14:24:
You have to be “in business” to deduct…have you been advertising or doing anything except reading, such that you could argue that you are in business? If yes, deduct. If not, you may deduct over 5 years once you ARE in business.
Posted by marvin on February 06, 2002 at 22:53:56:
If i start buying books and software and such for a real estate investing business but I dont make any money can I still take those tax deductions for the business?