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Can I write off (I would think Schedule C) my $2400 tax prep…

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Can I write off...

Can I write off (I would think Schedule C) my $2400 tax prep fee. I am a "real estate professional" "active participation" and have about 30 rental properties, I own as a sole proprietor w/o dba or corporate shell.

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Also at issue is a few thousand dollars in misc business expenses that cannot be identified to particular properties.

Submitted: 11 months ago.Category: Tax
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Answered in 2 minutes by:
7/26/2017
Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 11 months ago
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,442
Experience: Certified Public Accountant
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Hi, my name is Mark. I will be happy to help you with your questions. Yes, you can write off the a large portion of the fee. You would want to allocate the fee between the rental properties. Part of the fee was for the preparation of your personal tax return but a lion share of this fee was related to the rental property.

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