Updated about 6 years ago on .
Most recent reply
presented by

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 sponsor. If I decide to take a trip to go view a property just to see with my own eyes what the property's condition is, can I tax deduct the travel expense related to the out of town trip? Or does my status of only a passive investor prevent that from being a legit expense for tax deduction?
Most Popular Reply

Qualified travel expenses are deductible, whether or not you have an LLC.
- Daniel Hyman

My Online Accountant
70 Reviews
5.0 stars