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Are travel costs related to purchase of a rental property deductible? If so, where do I enter this in Turbo Tax?

Not until tne unit is put in service as a rental and ready to rent. 

hennesey7
New Member

Are travel costs related to purchase of a rental property deductible? If so, where do I enter this in Turbo Tax?

I understand the in service part. My question is more related to having an LLC.

Basically. Every article I read has pros and cons of an LLC - but none of them answer the question: Can I write off landlord related expenses if i do not have an LLC?

 

I live in Florida, the property is in Chicago.  After I close on the property, I will need to go to Chicago to get it prepared for renting (painting, cleaning, changing the locks, new appliances, etc...)

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