MichaelDC
New Member

Investors & landlords

Unfortunately, no deduction is allowed for travel in a general investigation or search for new business or investment opportunities.

When you  travel to explore a specific investment opportunity and you make the investment, your travel expenses are not deductible; they are added to the basis of the investment.

Again unfortunately, being a "real estate professional" doesn't change this rule. Of course, your travel expenses to service your present properties is deductible.


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