business travel deductions for realtors: How & When Real Estate Agents Should Deduct Business Travel Expenses - 12/12/17 12:22 PM
From time to time a real estate agent may travel away from home to attend a conference, seminar, or conduct other business related activities. On these business trips, you may be able to deduct lodging, meals, transportation, and other related business expenses.
 
It is important to understand that there are 2 types of travel expenses:
Transportation Expenses: which are the costs of getting you to and from your destination, and Destination Expenses: which are costs of surviving at your destination.  
So how and when do you deduct travel expenses? 
 
This chart may help understand the IRS guidelines:
 

What Travel Expenses Are Deductible?
These travel expenses while away … (5 comments)

 
Steve Penner, REALTOR® / Pro Ledger Online (owner) (Royal LePage Dynamic RE / Pro Ledger Bookkeeping Software)

Steve Penner

REALTOR® / Pro Ledger Online (owner)

Winnipeg, MB

More about me…

Royal LePage Dynamic RE / Pro Ledger Bookkeeping Software

Address: 1450 Corydon Avenue, Winnipeg, MB, R3N 0J3

Office: (877) 800-5066

Fax: (204) 989-7911



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