2019 BP Conference Tax Deduction Question
5 Replies
Larry Middleton
posted over 1 year ago
Was considering going to the 2019 BP Conference. I own a couple rentals and was wondering if the travel and conference expenses are tax deductible as an educational expense? It wont make or break the decision, but would easier to convince my wife with it being a deduction :) Thanks!
Lance Lvovsky
Accountant from Fort Lauderdale, FL
replied over 1 year ago
I would deduct it.
Larry Middleton
replied over 1 year ago
Thanks Lance. I know someone asked the question in the general forum announcement but didn’t look like it was answered and possibly skipped over.
Making reservations today. Looking forward to the trip.
Russell Brazil
(Moderator) -
Real Estate Agent from Washington, D.C.
replied over 1 year ago
Lance Lvovsky
Accountant from Fort Lauderdale, FL
replied over 1 year ago
I would clarify that I would deduct the conference. The travel... it depends. Ask your CPA what the rules are surrounding deducting travel expenses. You may or may not be able to deduct the full amount.
Nicholas Aiola
CPA & Investor from New York, NY
replied over 1 year ago
@Larry Middleton I agree with @Lance Lvovsky - I would deduct the conference, as well, assuming you're already in business. The deductibility of travel would depend on the details of the trip as a whole.