Investment Expenses

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  • Gary
    Senior Member
    • Jul 2005
    • 435
    #1

    Investment Expenses

    A client has several rentals around the country. Can he deduct travel expenses for traveling to other locations looking for properties to buy?
    Tags: None
    • BHoffman
      Senior Member
      • Feb 2008
      • 1768
      #2
      No can do. The client can keep documentation of expenses incurred while looking, and then perhaps deduct or amortize them when the transaction actually occurs, but until that time the Hawaii trip is just a vacation

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