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Updated over 3 years ago on . Most recent reply

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Nick Keller
  • Realtor
  • Northern VA
0
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Deducting out of state business travel as a licensed Realtor

Nick Keller
  • Realtor
  • Northern VA
Posted

Question for the group... I'm a licensed Realtor in Virginia and am planning a trip to Massachusetts partly to visit family and partly to evaluate investment properties.  I don't currently own property in MA.  I realize the travel expenses to put a rental property "in service" would usually be included in the property's basis and depreciated over 27.5 years.  Since I'm already in business as a real estate professional, am I able to deduct the business part of this trip?  Thanks for any guidance!

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