Travel expenses to Europe to look at properties

[Bob Malecki]

I'm a full time RE investor and my wife is self employed as well. We are planning a month long trip to Europe next year and part of the trip will be to meet with property managers or RE agents to look at potential acquisition to hold as a rental for short term rentals like AirBnB. I figure we can write off our accommodations and meals for the days we actually do the local meetings/viewing. 

Can we also deduct our expenses for flying over from U.S. to Europe? 

[Jake Hottenrott]

@Bill Brandt - if you don’t have any properties in an area, you won’t be able to write off any of the expenses. You may capitalize properly accounted and reasonable expenses to apply to the basis of a property when purchased but not expensed if you aren’t an active investor in a particular area.