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Updated almost 5 years ago on . Most recent reply

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How do I claim travel expenenses between 2 rentals?

Natalie Lindsey
Posted

My husband and I have had a rental property in WV for around 11 or 12 years. In Dec. 2019 we purchased another rental property in OH. Although the properties are in different states they are only about ten minutes from each other. We are a military family and have to travel about 7 hours away to check on/work on these properties. For most of the year we were only traveling to tend to the WV property but we made two trips where we worked on our WV property but also looked at the OH property to purchase and then closed on/did work on it the next trip. How would we break up the travel expenses for these two trips seeing as though we tend to both properties when we travel there?

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@Natalie Lindsey

If those trips were only for the new property, maybe it would be worth it to split. Since every trip involved both properties, I would just attribute it to the old property. Yes, it's a minor shortcut and ignores the rules, but I would sign off on it.

  • Michael Plaks
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