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Updated almost 8 years ago on . Most recent reply

User Stats

20
Posts
4
Votes
Tom Albares
  • Investor
  • Tucson, AZ
4
Votes |
20
Posts

Are travel and lodging costs tax deductible?

Tom Albares
  • Investor
  • Tucson, AZ
Posted
We own a rental home out of state and our tenant decided not to renew his lease. We would like to remodel the home to become a short term rental. We have received a bid from a reputable contractor, but we now see that we will be required to do a good deal of the demo work to stay within our budget. Are the costs of travel and lodging at a hotel tax deductible during the renovation work? Or does it count only as one of the two annual trips to inspect your property? Any help would be appreciated.

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