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Updated over 8 years ago,

Bradford Myatt's profile image
Bradford Myatt's profile image
Bradford Myatt
  • Investor, Teacher
  • from Central New York, New York
  • Member since Oct 26, 2014
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User Stats

71
Posts
25
Votes
Bradford Myatt's profile image
Bradford Myatt's profile image
Bradford Myatt
  • Investor, Teacher
  • from Central New York, New York
  • Member since Oct 26, 2014
Connect
Bradford Myatt
  • Investor, Teacher
  • Central New York, NY
25
Votes |
71
Posts
Tax, SDIRAs & Cost Segregation

Bank Deposit Travel Deduction for Two Businesses

Bradford Myatt
  • Investor, Teacher
  • Central New York, NY
Posted

I currently own or manage two different real estate LLC's. When I travel to the bank to deposit rents each month I deposit all the rents at the same time. Am I able to take the travel deduction for both businesses even though it is only one trip?

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