Would travel to our STR IN Brasil be a business expense?

Question

If we have a STR rental in Florida which we rent from Memorial Day until October, then travel to our STR in Brasil & live there from October until May, would the travel be deductible? Since we are traveling to our STR's to check on them & live for a few months.

I think we need a cpa.

Basit Siddiqi · Answer

@Mike ShawYou may have some issues with the taxation rules around vacation homes since you are living in the homes that you rent out.

Colleen F. · Answer

@Mike Shaw I empathize, just thinking about dealing with a government agency makes my head hurt! All you need is a basic understanding so you can provide documentation to the CPA and understand what they tell you about what is and isn't a business expense.

Mike Shaw · Answer

Thanks Colleen. I started reading that irs publication & like usual my head started hurting.

Colleen F. · Answer

Possibly but you are right you need a CPA. Look at the IRS publication on business expenses.
https://www.irs.gov/publications/p535#en_US_2019_publink1000208623

Since these are each only a part year rental so you would need to consider that when allocating expenses and there is a section.

Would travel to our STR IN Brasil be a business expense?

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