Are travel and lodging costs tax deductible?

Are travel and lodging costs tax deductible?

Investor · Tucson, AZ · Member since 2016 · 20 posts · 4 votes
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.
0Reply
15 views

2 Replies

Jump to latestLatest
  • Mark S.Pro Member
    Rental Property Investor · KY · Member since 2013 · 1k+ posts · 537 votes
    9y

    I don't know the answer to your question, but I'm curious where you got the two annual visit limit to visit your rental property.  Can anyone else confirm this?

  • Investor · Charlotte, NC · Member since 2015 · 67 posts · 20 votes
    9y

    Same as Mark S., Where are you getting the 2 annual trips?  Any travel that is business related is tax deductible.  That's how I understand it.  Talk to your tax guy about what % of travel, meals, and lodging is deductible.  

Join the conversationCreate a free account to reply, vote on answers and follow this thread.