General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply
![Adam Smith's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/142329/1694647755-avatar-wyocivil2000.jpg?twic=v1/output=image/cover=128x128&v=2)
Tax Question - Investigating New Markets
Happy New Year BP! We have two rentals locally and are looking into new markets since our local market is higher priced vs rents.
My question is, can we write off (for taxes) the cost (or some of the cost) of traveling to a new market (out of state) to look at properties to purchase and rent, meet with property managers, etc? We obviously do not have a rental yet in the new state so we would not have a property in that state to write it off against.
Based on my research I don't think we can but I thought I would ask just to make sure.
We are meeting with our CPA in January which I plan to ask as well.
Thanks in advance!