Real Estate - What You Can Deduct as Legitimate Right Offs

Most people just don't understand what they can deduct as legitimate right offs on their tax returns. Our client, nancy, told us when we first started preparing her returns that she had zero car and travel expenses related to her rental properties because all her rentals were out of state. Nancy was always actively looking for properties to invest in. Her mileage and car expenses while driving round to scope out neighborhoods and attend open houses may be tax deductable.