David C.
Tax deductible house searching?
Tax Deduction Question:Taking a long road trip to Iowa to look at properties to purchase for rental this weekend. Wife and kid in tow, we have some family to see there, but most of time will be for looking at property...
John Crimmins
Best Credit Card for STR's?
Hey all, wondering what the best business or personal credit card would be for STR. I saw Lowe's gives 3% cash back on their purchases, I already have an Amazon card with 5% back on amazon stuff, wondering if there's...
Andrea Chester
What do you deduct on your taxes?
I have a trip coming up that will be mixed personal/business. We own a rental property in Charlotte, but I also have family in town that I will be visiting. How do I organize this trip to make the most of my deducti...
John S.
Creative way to write off travel expense?
I live in the DC area and am a landlord, but went to LA to see if there were good property deals. I didn't find any good ones, but because of the trip, I've decided to buy something near the DC area. Can I write-off t...
Eamon Levin
How to use your time efficiently when investing long distance
Hi All, I live in NYC and am looking to invest in my first property long distance as costs in and around NYC are too high for me. My question is how do I set up my first investment efficiently? Let's say I find a grea...
Lucas Hammer
Another Travel Write-Off Question (Hopefully my last one)
Hey everyone, I've searched high and low for the answer to this, but I can't seem to find it. I have a couple of different scenarios and I just want to make sure that I understand how taxes work on both of these. I do...
Russell Roberts
Can passive Investor deduct travel expense to go view a property?
My real estate investing has been largely passive and out of town investments, consisting of single family properties operated by property manager or I'm a limited partner in a syndicated investment controlled by the ...
Kris Barney
Vacation Rental: Tax WriteOffs When Visiting [Co-Owned]
Hi BP Members. I'm new to BP (but really enjoying it!), and was hoping to see if anyone had any experience with this scenario, and if so, had any suggestions: I'm considering co-owning/purchasing a small vacation home...
Mike Wilson
Mileage expense - can I expense during rehab?
I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...
Sue K.
Deducting travel expenses in property searches
What expenses are deductible when traveling out of town to look for investment property? What evidence must you provide IRS that it is a legitimate search for property?