Maximizing tax deductions on your home office (for your real estate business or other side hustle)
Home office deductions were a bit of a mystery to me in the beginning, and the rules felt kind of fuzzy. This video summarizes what I've learned so far and had been advised for MY situation - please note this is not at all financial advice or tax advice, always check with a professional on your specific circumstance.
My record keeping software is Stessa, which has a free tier (that I still use): https://stessa.sjv.io/6eGQxb
MY TOOLS:
My Clickup operations dashboard and template (Vacation Venture Vault): https://lydiapatel.com/vacationventur...
Short term rental calculator (free): https://lydiapatelll.ck.page/calculator
Setup guide downloadable (free): https://lydiapatelll.ck.page/how-to
Airbnb hosting with me as your ambassador: https://www.airbnb.com/rp/lydiap12302
SOFTWARES/SERVICES:
AirDNA: https://invite.airdna.co/Lydia-Patel1
Novo: https://novo.pxf.io/6ePnmE
Baselane $100 signup bonus with link: https://www.baselane.com/?atp=lydia
Northwest Agent discounted rate at $39 per LLC with link: https://tidd.ly/4gn0U5m
BluDot: my bookcase behind me, and every sleek modern thing I own - https://bludot.pxf.io/3JXPKv
Business inquiries: [email protected]
IG: @lydiapatelll
Disclaimer: Above links contain affiliates, which means I receive a small commission at no cost to you. Affiliate income is how I get to keep all the resources free for a greater number of people, instead of selling them as ebooks and paid content. :-) All of the products I recommend have been fully tested by me, and I seek out affiliate links only after I’ve verified I would recommend these to you. Thank you everyone for your generous support!
#realestateinvesting #homeofficeideas #homeofficededuction