Traveling Away from Home

by Property Management Software on June 2, 2009

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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.

This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Traveling Away from Home is brought to you by SimplifyEm Pay Rent Online and Property Management Software

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