Tax question

General Real Estate Investing
1

I just started this year acquiring knowledge in RE investing. I have already spent quite a bit on RE Club memberships, Bootcamps, and CD/DVD RE investment Programs.

Do I have to formally establish a business to write these expenses off?

Please advise on how to proceed in order to minimize my tax liability this year.

2

as personal expenses they are not deductible. as business expenses they are.

If you don’t have at least a SchC business in 2006, they’re not deductible.