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I live and work in Texas. I pay taxes according to living in Texas. Due to my divorce, I own a home in Louisiana where i fly back to every other weekend for 4-5 days to keep my kids in our home. I pay private school in LA as well.
is there anything i can do to be able to write off this travel?
if not, is there a way for me to be able to write this off? Do i need a llc in La, a rental property?
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Q. If i had an llc and some rentals for instance would i then be able to write some of it off, etc. ?
A. No. Taking care of business property would have to be the primary reason for the travel. Your primary reason is clearly personal. At best, you have have to have a specific and solid business reason for each trip, e.g. "meet with contractor for remodel project". Even then, it would be suspect.
Those are non deductible personal expenses.
Figured as much… so now my next question is how do i get to where it is deductible. If i had an llc and some rentals for instance would i then be able to write some of it off, etc.
You might want to consult a financial advisor to educate you about the pros and cons in your situation.
Thanks for your guidance, i didnt realize financial advisors were also tax experts. Im about to buy two more rentals in LA. I will see if i can find an advisor that knows the tax laws around my travel in this situation.
Q. If i had an llc and some rentals for instance would i then be able to write some of it off, etc. ?
A. No. Taking care of business property would have to be the primary reason for the travel. Your primary reason is clearly personal. At best, you have have to have a specific and solid business reason for each trip, e.g. "meet with contractor for remodel project". Even then, it would be suspect.
Thanks this answers what i needed to know. Enjoy your day.
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