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TRAVEL EXPENSES

A large portion of my retirement income comes from my investments in limited partnerships.  Can I deduct my travel expenses to attend a limited partnership annual meeting?

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2 Replies
quorumof1
Employee Tax Expert

TRAVEL EXPENSES

Hi There:

 

Please see below link as provided by Turbo Tax.

 

Partnership Expenses 

dburns1
Employee Tax Expert

TRAVEL EXPENSES

You cannot write off travel expenses for an investment in a limited partnership if you did NOT materially participate in the operations of the partnership. 

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