What are Deductible travel costs for property investors?
Deductible travel costs for property investors are expenses incurred when traveling away from your tax home to manage, inspect, or acquire rental properties. Eligible costs include airfare, lodging, a rental car, and 50% of meals on business trips. The IRS requires overnight travel and documentation of business purpose, dates, and amounts. Investors report these on Schedule E. Travel expenses strategies help maximize tax savings.
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