Sun Apr 28 2024, by Tyler Gardner
What You Need to Know About Tax Write-Offs
Yep. Looks like you purchased a $200,000 G-Wagon.
That's a $179 write-off.
Sold your house and made $1,000,000? Section 121, write it off.
Rented out your house in Augusta for $2,000 a night for half the year? Augusta rule. Write it off.
Work from home as a W-2 employee? Write it off.
Started a new business and spent $100,000 on startup costs? Oh, definitely write it off.
All of it? It’s a write-off.
Do you even know what a write-off is?
Absolutely not. That’s why I hired you.
You know I charge $1,000 an hour.
That's fine. I’ll just write that off.
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