March 06th, 2016
TAX TIP OF THE DAY... deduct airfare to inspect a rental propery
Are airfare and private airplane expenses deductible?
A couple owned a rental property 7 hours away by car. To save time and money, they bought a private airplane and were able to deduct airplane expenses for the property management trips. And if you don't own an airplane, coach airfare would be deductible for the same purpose.
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David S. Baboian, CPA