Updated over 4 years ago on . Most recent reply
Deducting out of state business travel as a licensed Realtor
Question for the group... I'm a licensed Realtor in Virginia and am planning a trip to Massachusetts partly to visit family and partly to evaluate investment properties. I don't currently own property in MA. I realize the travel expenses to put a rental property "in service" would usually be included in the property's basis and depreciated over 27.5 years. Since I'm already in business as a real estate professional, am I able to deduct the business part of this trip? Thanks for any guidance!