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Updated almost 9 years ago on . Most recent reply

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Scott Long
  • Rental Property Investor
  • Frisco, TX
2
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7
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Able to write off trip/travel for real estate research?

Scott Long
  • Rental Property Investor
  • Frisco, TX
Posted

I am wondering if I look at, investigate, research real estate while traveling am I able to write off the trip?

I am interested in Belize and want travel there to investigate investing opportunities.

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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
607
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1,016
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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
Replied

I read something recently (on BP IIRC) from a CPA that said you need to subsequently invest in that market to get any tax benefit from the trip.    Why did I remember that?    Because it deflated my hope of writing off an 11 day trip to San Diego, Prescott, and Durango last year.

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