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Updated over 6 years ago on . Most recent reply

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Mike Gehard
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Tax writeoff for travel?

Mike Gehard
Posted

Hello all!

I'm looking into investing into a commercial syndication in the southeast.

The question I had is if I take a trip to the city of the investment, is the trip tax deductible?

Does the deduction depend on the ration of business to pleasure? Yes I'll be doing some sight seeing while I'm down there.

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Patrick Liska
  • Investor
  • Verona, NJ
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Patrick Liska
  • Investor
  • Verona, NJ
Replied

You can prove that you have scheduled a meeting for the purpose of investing in the syndication? Has a meeting and travel arrangements been based on that? If so then you should be able to claim it, if you are just going there to see the property for your self and do sight seeing, I think would be a little hard to claim ( legally) I am not a CPA but that is my understanding

  • Patrick Liska
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