topic Can I write off the airfare cost that was incurred to check on rental property? in Investors & landlords

Can I write off the airfare cost that was incurred to check on rental property?

suave85 — Fri, 02 Aug 2019 14:59:30 GMT

Re: Can I write off the airfare cost that was incurred to check on rental property?

Anonymous — Fri, 02 Aug 2019 15:42:11 GMT

read this article

https://www.nolo.com/legal-encyclopedia/deducting-landlord-out-town-travel-expenses.html

Re: Can I write off the airfare cost that was incurred to check on rental property?

Anonymous_ — Fri, 02 Aug 2019 15:43:01 GMT

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. To deduct travel expenses, you must keep records that follow the rules in chapter 5 of Pub. 463.

See https://www.irs.gov/publications/p527#en_US_2018_publink1000218997 and

https://www.irs.gov/publications/p463#en_US_2018_publink100033810

Re: Can I write off the airfare cost that was incurred to check on rental property?

Carl — Fri, 02 Aug 2019 15:43:21 GMT

Yes, if the travel was "ordinary and necessary". For the details on this, please see the instructions for SCH E line 6 at https://www.irs.gov/pub/irs-pdf/i1040se.pdf on page E-6 at the bottom of the third column on that page.