Comments on: I Own A Second Home In A Location Where I Travel For Business. What Travel Expenses Can I Deduct?

By: the tax lady

the tax lady — Tue, 09 Feb 2010 14:38:01 +0000

From the IRS’s point of view, none. For lodging expenses on business trips, you need actual receipts. You can’t issue yourself a bill, so this is a lose, lose situation.

By: Ryan M

Ryan M — Tue, 09 Feb 2010 09:22:18 +0000

Seriously, consult with a tax CPA for this NOT a message board! I am a CPA, but not a tax one, and this is a VERY complicated issue because you have several different types of expenses associated with the home.

By: Jules

Jules — Tue, 09 Feb 2010 03:40:53 +0000

For business travel, many lodging expenses are tax deductible. This could be a HUGE deduction, so collect your paperwork and call up an accountant. Tell him you want a FREE 5 minute consultation, first of all. Say you want to know if your house can be tax deductible. If he says yes, then book a date right away. You’ll probably have to invest alot into getting a good accountant before taxes are due, so make sure the deduction will be big.
See the Irs website: http://www.irs.gov/taxtopics/tc511.html