Can I use travel expenses from the US to Peru as part of the sale expense/cost for the sale of a vacation home in Peru?

johnscarf · ‎June 1, 2019

My wife and I sold a vacation home in Peru. We needed to travel to Peru for the sale and signing of documents. Can these costs be counted as a sales expense?

Vanessa · ‎June 1, 2019

No, unless this property was a rental property, travel expenses would not be deductible.

If this was just a vacation home, the only way the expenses could potentially be deducted depending on several more factors would be as an investment expense. However, under the new tax laws investment expenses are no longer deductible so your travel expenses to sell your vacation home are not deductible.

If it was a rental property you would enter the travel in the rental expense section.

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Vanessa · ‎June 1, 2019

No, unless this property was a rental property, travel expenses would not be deductible.

If this was just a vacation home, the only way the expenses could potentially be deducted depending on several more factors would be as an investment expense. However, under the new tax laws investment expenses are no longer deductible so your travel expenses to sell your vacation home are not deductible.

If it was a rental property you would enter the travel in the rental expense section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can I use travel expenses from the US to Peru as part of the sale expense/cost for the sale of a vacation home in Peru?