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Updated over 6 years ago on . Most recent reply

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VICTORIA LEONE
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Is Renovation Travel Deductible?

VICTORIA LEONE
Posted

Renovating a house I bought in another state over several yrs, and they were hoarders. Little by little I travel there to empty it out and repair it with the intention of eventually selling it. Are the travel expenses deductible? And are the rental truck expenses to donate things to charities deductible? 

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Natalie Kolodij
Tax & Financial Services
Pro Member
  • Accountant
  • Charlotte, NC
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Natalie Kolodij
Tax & Financial Services
Pro Member
  • Accountant
  • Charlotte, NC
ModeratorReplied
Originally posted by @Shawn Ward:

@VICTORIA LEONE if you have a corporation, then this sort of travel should be deductible. But def check w/ a CPA. 

All the best!

sjw

A corporation doesn't impact the deductibility. It's not deductible as she's not in business yet. The rental isn't operational yet. 

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Kolodij Tax & Consulting

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