18d • General discussion
📁 Audit-Proofing Your Real Estate Portfolio
Real estate deductions are prime audit targets. To survive an IRS review in 2026, you need documentation. For every property, keep a master file with: closing statements (HUD/ALTA), receipts for all capital improvements (painting counts as repair; a new roof is a capital expense), and logs of time spent managing properties (especially if chasing Real Estate Pro status).
👉 Tip: "Repairs" are immediately deductible, but "Improvements" must be depreciated. Make sure your contractor invoices separate the two.
What's your system for organizing receipts and closing documents? Are you a filer or a "pile-er"?
0
0 comments
📁 Audit-Proofing Your Real Estate Portfolio
skool.com/theagentcompass
Welcome to The Agent Compass: your insider hub for intelligent real estate support. Come for the secrets, stay for AI training & investor intel.
Powered by