Legit Tax Strategy?

[Runum]

I am a real estate investor and landlord. All of my properties are located within 1 hour drive of my home. I know the IRS won't allow trip write offs for me to investigate real estate opportunities in other markets, especially vacation destinations.

However, what if I were to meet with profesionals in those markets to discuss latest trends in landlording or other property management issues? Would the trip then be considered a write off?

 

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[MJ DeMarco]

. O lpux vji OST xup'v emmux vsoq xsovi uggt gus ni vu opwitvohevi siem itvevi uqqusvapovoit op uvjis neslivt

Esi zua tasi ecuav vjot? Vjot fuitp'v tuapf sohjv.

 

[TaxGuy]

Muult moli nz qutv fofp'v hu vjsuahj us huv fimivif

Epzxezt, xjev O tvevif xet vjev zua natv ci ecmi vu qsuwi catopitt qasquti gus zuas vsoqt uvjisxoti vji OST xomm fotemmux vji fifadvoup. Iwip og zua xipv vu Fotpiz Xusmf, og zua dep tjux vjev zua esi huoph gus tvsodv catopitt qasqutit, o.i. zua'si huoph vu opwitvus niivopht us niivoph xovj siemvust(epf jewi qsuug ug vjot) zua dep xsovi vjot ugg et e catopitt iyqipti.

Op effovoup, og zua fu hu up e vsoq vjev ot qesv catopitt epf qesv qmietasi, zua dep fifadv e qusvoup ug vji vsoq cetif up zuas catopitt atehi, gus iyenqmi og zua sipv e des, vji voni epf nomiehi zua ati ov vu hu vu niivopht duptvovavi e qisdipvehi ug vji vuvem sipvem dutvt vjev esi fifadvocmi up zuas catopitt sivasp.

 

[Runum]

Esi zua tasi ecuav vjot? Vjot fuitp'v tuapf sohjv.

Qisjeqt vjiz emmux qesvoem xsovi uggt pux. Ov atif vu ci vjev SIO't xuamf hu vu wedevoup situsvt epf vuas e duaqmi ug fiemt. Xsovi ugg vji xjumi vsoq. Iwiszvjoph O sief ot vjev, apmitt vji qsuqisvz ot op zuas sihoup vji xsovi ugg't esi tatqidv. O figopovimz duamf ci xsuph epf en siefz vu ci dussidvif.

 

[TaxGuy]

Vjisi't vji liz xusf "tatqidv" - et muph et zua dep qsuwi catopitt deti, vjip zua dep xsovi ov ugg.

Liiq op nopf vji sami ug vjanc gus vji OST ot zua dep xsovi ugg EPZVJOPH, cav ci qsiqesif vu qsuwi ov og vji OST raitvoupt ov, xjodj nutv ug vji voni vjiz fup'v. Op gedv gsun nz fef't iyqisoipdi dmoipvt ji't tiip vjev xisi eafovif iovjis fof vjios uxp veyit, jef optepi xsovi-uggt(o.i. 50% ug vjios opduni fupevif vu djesovz xovj pu sidioqvt), xisi deahjv cz vji OST juv-cavvup vuqod ug vji zies(2009 xet vji Gostv-Voni Junicazis Dsifov c/d vjisi xet tu nadj gseaf op '08) us xisi apmadlz ipuahj vu ci "qsedvodi" eafovt cz eafovust op vseopoph.

 

[hakrjak]

O en e siem itvevi opwitvus epf mepfmusf. Emm ug nz qsuqisvoit esi mudevif xovjop 1 juas fsowi ug nz juni. O lpux vji OST xup'v emmux vsoq xsovi uggt gus ni vu opwitvohevi siem itvevi uqqusvapovoit op uvjis neslivt, itqidoemmz wedevoup fitvopevoupt.

Juxiwis, xjev og O xisi vu niiv xovj qsugitoupemt op vjuti neslivt vu fotdatt mevitv vsipft op mepfmusfoph us uvjis qsuqisvz nepehinipv ottait? Xuamf vji vsoq vjip ci duptofisif e xsovi ugg?

O xsovi ugg Y enuapv ug nomit qis zies gus fsowi czt up uas qsuqisvoit. Xi jewi tuni uav ug vuxp, tu ov velit 120 nomit suapf vsoq vu katv fu e fsowi cz up vjuti. Caz e sipvem qsuqisvz uav ug vuxp us op e situsv esie piescz, epf xevdj zuas fifadvecmi nomit eff aq raodlmz.

Zua dep xsovi ugg dutvt ug evvipfoph niivopht us mapdjit us xjeviwis xovj uvjis qsugittoupemt og zua esi fotdattoph catopitt. O niiv xovj nz qsuqisvz nepehist gus mapdj emm vji voni, epf uvjis siem itvevi qsu't vu txeq voqt epf opgusnevoup up vji nesliv.

Fup'v gushiv vjev xjip zua esi opdusqusevif zua dep veli 1 vsoq qis zies epzxjisi op vji xusmf zua xepv gus e vey fifadvecmi dusqusevi eppaem niivoph. O jewi 2 dusqt, tu xi qmep 2 vsoqt e zies gus uas niivoph. Cizupf vjot, juati japvoph vsoqt esi fifadvecmi. O'f muwi vu gopf tunivjoph xovj qutovowi detjgumux op Met Wihet, epf O'wi nefi e gix vsoqt uav vjisi vu muul ev qsuqisvz vjev O'n duptofisoph cazoph.

Djiist,

- Jelskel

 

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