Let’s say you’re a realtor thinking about moving your business to Lake Tahoe.
You travel out, ski a little, lose some money at the casino, and explore the area. That alone doesn’t make the trip deductible.
But then you tour waterfront condos, look at mountain properties, exchange emails with another realtor, and document those conversations. Now part of the trip becomes business-related.
Here’s the key most people miss:
The IRS doesn’t let you deduct the entire trip just because some business happened. Only the portion tied to legitimate business activity counts — usually based on days spent at meetings, conferences, or documented work.
Most people deduct all of it.
That’s also how audits start.
If you’re a real estate professional who wants clarity before tax season, start the conversation early and plan with confidence.
KDJ Tax & Advisory Services
500 W 2nd St Suite 1900, Austin, TX 78701, United States
Phone: +1 210-343-5459
Website: www.kdjta.com
Service Areas: Austin, Cedar Park, Georgetown, Round Rock, Leander, and surrounding communities. Serving Central Austin, Downtown, Bouldin Creek, South River City, East Cesar Chavez, and the greater Austin, TX community.
Contact KDJ Tax & Advisory Services today for expert tax preparation, tax planning, and accounting solutions in Austin and surrounding communities.
Schedule a consultation and work with tax consultants who think beyond the return.
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