Tax Disclaimer

1. Not Tax Advice

Deductably provides tools to help you track and organize information that may be relevant to your tax situation. However, we do not provide tax, legal, or accounting advice. The application is designed to assist with documentation and record-keeping, not to provide guidance on tax matters.

2. Consult a Professional

Tax laws are complex and vary by jurisdiction and individual circumstances. We strongly recommend that you consult with a qualified tax professional, such as a Certified Public Accountant (CPA) or tax attorney, before making any tax-related decisions.

Your tax professional can:

• Review your specific tax situation
• Advise on which deductions you qualify for
• Help ensure compliance with tax laws
• Assist with tax return preparation
• Represent you in case of an audit

3. No Guarantee of Deductions

Tracking activities, mileage, and expenses does not guarantee that these items will be deductible on your tax return. The deductibility of any expense depends on various factors, including:

• Your specific tax situation
• Applicable tax laws and regulations
• IRS requirements and interpretations
• Your business structure and activities

4. Accuracy of Information

While we strive to provide accurate information and tools, tax laws change frequently, and interpretations may vary. We cannot guarantee that all information in the application is current, complete, or applicable to your situation.

5. Real Estate Professional Status

The application helps track hours toward the Real Estate Professional (REP) status requirement. However, meeting the 750-hour threshold does not automatically qualify you for REP status. Other requirements must also be met, and the determination is made by the IRS based on your specific circumstances.

6. Limitation of Liability

Deductably, its owners, employees, and affiliates are not responsible for any tax consequences resulting from your use of the application. You are solely responsible for:

• The accuracy of information you enter
• Determining which expenses are deductible
• Compliance with all applicable tax laws
• Any penalties, interest, or other consequences resulting from your tax filings

7. IRS Audits

While proper documentation can help support your deductions in an audit, using Deductably does not guarantee that your tax return will not be audited, or that your deductions will be accepted by the IRS.

8. Contact Information

If you have questions about your tax situation, please consult a qualified tax professional. For questions about the Deductably application, contact:

Support: support@deductably.com