My client listed a business trip to look at potential investment property. Modest deduction, as flight ticket was free due to free miles.
Is this deductible under investment expense?
Is this deductible under investment expense?
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"I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey -
Don't believe it is
Dear Possi
Don't believe such expenses are deductible by a non-corporate taxpayer. I can't cite a Code §, but if you happen to have RIA's "Federal Tax Handbook," see ¶1504.Roland Slugg
"I do what I can." -
Thanks!
as always......"I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur GodfreyComment
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