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Updated over 5 years ago on . Most recent reply

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Russell Roberts
  • Clarksville, TN
30
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34
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Can passive Investor deduct travel expense to go view a property?

Russell Roberts
  • Clarksville, TN
Posted

My real estate investing has been largely passive and out of town investments, consisting of single family properties operated by property manager or I'm a limited partner in a syndicated investment controlled by the sponsor.    If I decide to take a trip to go view a property just to see with my own eyes what the property's condition is, can I tax deduct the travel expense related to the out of town trip?   Or does my status of only a passive investor prevent that from being a legit expense for tax deduction?

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Daniel Hyman
  • CPA
  • Milwaukee, WI
1,602
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Daniel Hyman
  • CPA
  • Milwaukee, WI
Replied

Qualified travel expenses are deductible, whether or not you have an LLC.

  • Daniel Hyman
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