Do i need to create a business to deduct business expenses?

[Dan Trinh]

Hi Guys,

This is a question that has always been on my mind but i can't quite seem to find the answer too.

Currently i own a few rental properties in Las Vegas. I live in California and would like to go to Las Vegas to take a look at my properties. Can I deduct this trip as a business expense if i do not technically own a business? I do not have a business license (no sole propriertorship, No LLC etc) for my rentals.

I typically deduct property insurance, property management fees etc off my individual personal income. Are there any benefits to starting a business and paying for the yearly fees to run a business?

Any help or link to the answer would be greatly appreciated!

Thank you so much guys!

Have a good one.

Dan