How to prove a trip is for investing

[Ryan Thomas]

I am heading out on a 4 day trip to 3 different cities to look at investment options. What type of documenatation do I need to prove this for write off purposes? Do I need to meet with someone In every city?

[Eamonn McElroy]

@Ryan Thomas

Retain receipts, maintain a log (who, what, when, where).

Doing the above doesn't necessarily mean the trip is 100% business, but will help substantiate the parts that were business.

Also, it's very possible some of these expenses will have to be capitalized and won't be able to be "written off".