Countdown to the end...tax deductions

By
Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

The end is near!!!

No, I am not the doomsday person.

I am talking business.

Tomorrow is the last day you can add to your list of deductions.

First off you need to decide, "Do I need more deductions?"

If the answer is yes, then you need to decide what you need.

Major purchases add up fast, but o can the little things.

Copy papers, and ink.   Some pens and note pads.

Old style lock boxes for additional security.  (I use them for appraisers).

Don't delay, Not many hours left to get this done.

 

 

 

 

 

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Rainmaker
571,336
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi William Feela,

Hahahaha, love the picture!

Made that run yesterday and funded my IRA.

Happy New Year

Dec 30, 2016 02:22 PM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi William

Yes, it's that time again. I am adding a few more items in the expenses column today, but for the most part I should be all set.

Jeff

Dec 30, 2016 04:03 PM #2
Rainmaker
2,112,545
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I have a box where I toss most all my receipts that are business related during the year.  Then I find a rainy day after the beginning of the new year to ledger everything.

Dec 30, 2016 04:15 PM #3
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1,324,560
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We normally try to anticipate what we need and we coodinate with our CPA on what is reasonable. I hate last minute decisions.

Dec 30, 2016 04:21 PM #4
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Cute photo.  I have all the deductions I need, just need the income to offset them

Dec 30, 2016 07:16 PM #5
Rainmaker
115,158
Alison Creamer
Keller Williams Elite - Virginia Beach, VA
Realtor,MRP,ABR, CDPE,IMSD,HamptonRoads

thanks for the reminder !!!!! I am sure I need some deductions but I think i have time to do SEP or IRA ones as well Thanks GOODNESS !

Dec 31, 2016 03:41 AM #6
Rainmaker
2,380,525
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning William.  Don't need any more for this year.  However, in 2017 I plan on making a few major purchases that are well overdue.

Dec 31, 2016 03:56 AM #7
Rainmaker
2,936,798
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning William. I think your reminder is appropriate. I love the photo though. Happy New Year.

Dec 31, 2016 06:52 AM #8
Rainmaker
560,705
Vern Eaton
Askov, MN
Realtor 651-674-7449

This apply's to all professions.   If you feel the need do it today.

Dec 31, 2016 10:56 AM #9
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Great reminder, William Feela!  Here's to a wonderful 2017 for you! 

Dec 31, 2016 06:17 PM #10
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I have added nothing this week to the deductions and only added to the income. The tax man cometh. Have a Happy New Year.

Dec 31, 2016 08:04 PM #11
Rainmaker
3,232,055
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

William

The IRS deduction clock resets itself at 12:00 midnight today.

Good luck and success.

Lou Ludwig

Dec 31, 2016 08:21 PM #12
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Cute cartoon Bill.  I am looking forward to having more need of deductions in the new year.

Jan 11, 2017 10:11 PM #13
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Rainmaker
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William Feela

Realtor, Whispering Pines Realty 651-674-5999 No.
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