Inclusion of Travel Expenses Into Future Property Basis

[Scott Okimura]

Hello All,

I'm traveling to Portland next month and wanted to scout out potential investments. I would say there is a good probability that I will not purchase anything on this trip. But I do intend to purchase something in the next couple years. For all of the expenses that I incur related to traveling, meals, etc that are deductible can I add these expenses to the basis of a property that I purchase in the future? If so, is there a statue of limitations on how long I can add these expenses into the basis of a property that I purchase? Also, I believe the maximum amount of expenses I can include into is $5,000. Thank you all in advance.

Scott