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Investors & landlords
Yes, you can deduct travel expenses if (IRS Pub 527) ;
You can deduct the ordinary and necessary expenses of traveling away from home if the primary purpose of the trip is to collect rental income or to manage, conserve, or maintain your rental property. You must properly allocate your expenses between rental and nonrental activities. You can’t deduct the cost of traveling away from home if the primary purpose of the trip is to improve the property.
Enter your 1099s for income and all your other rental expenses in the Rent and Royalties section and all will flow to the Schedule E.
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April 10, 2024
3:20 PM