Traveling Away from Home

You can deduct the expense of traveling away from home if the primary purpose of the trip was to collect rental income or to manage, conserve, or maintain rental property.

You can also deduct expenses incurred while staying overnight when traveling for business.

You cannot deduct the cost of traveling away from home if the primary purpose of the trip was the improvement of your property.

You can read Publication 463 to learn the specifics.

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This entry was posted on Tuesday, June 2nd, 2009 at 9:27 am and is filed under Schedule E. You can follow any responses to this entry through the RSS 2.0 feed.