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Updated 10 months ago,
Tax deduction when using Reward Points for travel
I have out of state properties that I visit 1-2x per year to either have a meeting with the Property Manager or conduct a walk-through if there is no property manager.
If I use reward points for the flight/hotel/rental car, am I able to apply the value of those points to my taxes for the travel? I took a screen shot of the dollar cost of the airline ticket along with the point requirement, but not sure how this scenario works.
I have family in these same towns, so I typically only deduct the plane fare (no hotels, gas, meals, etc.), since the business aspects are completed in a single day and I usually stay for a week.