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Updated over 7 years ago,
tax deductions for foreigners investing in the US.
I just finished reading about the tax deductions for rentals, and noticed it mentioned deducting long distance travel (air fare). Would that include air fare for someone coming from another country to check up on their property? Also, would it include the initial trip to look for property? I realize that I would need to find a property manager, etc.. all this will take time and money. It would be great if I could deduct at least part of the initial cost.