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jutev99
Returning Member

Landlord of rented out farmland - Expenses

I rent out farmland for cash about 750 miles away.  Can I have expenses on that land of going there annually to inspect the land and to meet with the renter, not for any particular reason.  More to see how things are going with the land.  It would be mileage and motel expenses.  I use the Sch E Rents and Royalties form currently for reporting the income and real estate tax deduction.

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1 Reply
ColeenD3
Expert Alumni

Landlord of rented out farmland - Expenses

Yes, but...

 

Travel expenses. 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. The cost of improvements is recovered by taking depreciation. For information on travel expenses, see chapter 1 of Pub. 463.

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