Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services)

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Rainmaker
2,767,683
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Meet up with a few local real estate agents to discuss referrals.

Jan 06, 2019 08:52 AM
Rainmaker
4,650,465
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

will it be worth triggering an audit??? that's the first question I always ask myself.... 

Jan 06, 2019 09:59 AM
Ambassador
1,582,220
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

You could teach a class, while you're there.
You could meet with fellow Realtors...
You could participate in a workshop, or some form of ongoing education.

lots of ways.

Jan 06, 2019 08:56 AM
Rainmaker
598,391
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

It appears that you are asking for tax advice which I am not qualified to provide. Talk to your tax professional.

Jan 06, 2019 09:29 AM
Rainmaker
494,594
Maria Sapio
Berkshire Hathaway Homesale Realty - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

This might be a good question to pose to your CPA.

Jan 06, 2019 09:16 AM
Rainmaker
2,367,949
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I hear you on the theme but I have learned to say little about what can come back to haunt or taunt...later-on

Jan 06, 2019 09:11 AM
Rainmaker
10,276
Jennifer Hunter
House Hunters of Magnolia Homestead Realty - Ocala, FL
Residential Realtor serving Marion County

Swing by a few brokerages and get thier cards. Ask for referrals for people moving in to your area. Not sure if that will cover your butt, so chek with your CPA. 

Jan 06, 2019 11:43 AM
Rainmaker
3,080,359
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Some may ask "why?".  Others: why not? This is a tax question. It may be a personal one too.

Jan 06, 2019 10:27 AM
Rainmaker
2,979,525
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Meet with a Rainer and discuss referrals!

Jan 06, 2019 09:27 AM
Rainmaker
303,602
Sally Lawrence
Advantage Real Estate - Tehachapi, CA
Broker, CHS, e-Pro, SFR, REALTOR®

You have to have some business purpose in order to make it a business trip.  I often conduct real estate investment seminars as my business purpose at my destination.  Simply meeting with someone at your destination with the business purpose of creating a referral relationship qualifies.

IRS allows you to get to your business destination in whatever fashion you choose.  You could fly, take a train, drive, whatever.  Here's the key:  In order to count as a business travel day, your first night must be at least 300 miles from your home.

 

All of that said, I'm not a CPA nor am I qualified to give tax advaice.

Jan 06, 2019 08:52 AM
Ambassador
3,781,795
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671
  1. Visit Referral sources
  2. Check out investment properties
  3. Buy an investment property.
Jan 06, 2019 01:13 PM
Rainmaker
4,092,015
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Raymond,

Talk to your tax advisor.  A

Jan 06, 2019 11:08 AM
Rainmaker
1,166,712
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Ask your CPA.

Jan 06, 2019 11:02 AM
Rainmaker
882,020
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Ask a CPA, my guess:

Meet with prospects, associates, network or do something real estate related.

Jan 06, 2019 10:39 AM
Rainer
200,646
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Check with your CPA. I try to meet up with some local real estate contacts so I can have a contact to refer clients to in the event they are moving out of state. This allows me to deduct or write-off part of my trip & meet some new professionals. I am not a tax professional so seek advice from your own attorney or tax professional whom knows your situation better than I. 

Jan 06, 2019 10:14 AM
Rainmaker
3,671,711
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

You can always attend a class in the area of your travel. Meet with a Realtor and discuss referrals but I'd run it by your CPA and see if it flies!

Jan 06, 2019 10:01 AM
Rainmaker
5,015,864
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Create an ActiveRain MeetUp.

Jan 06, 2019 10:01 AM
Rainmaker
638,853
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Find out from your tax person what would constitute a business trip that you can do in my old stomping grounds of Palm Springs!

Jan 06, 2019 09:50 AM
Rainmaker
1,443,804
Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

I would ask my CPA what she recommends Raymond E. Camp .

Jan 06, 2019 02:50 PM
Rainmaker
1,176,307
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

I always met with clients (and played golf with them) when I took my annual winter trip to P.S.  Yes, I had actual clients from my town who lived in Palm Springs.  Talk to your CPA about how to log it to make it legimate in your particular case.

Jan 06, 2019 01:45 PM
Rainmaker
1,192,061
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Visit a few ActiveRain members along the way.  

Jan 06, 2019 03:00 PM
Rainmaker
353,585
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I would ask my CPA.  If you attended a real estate related seminar or did something for continuing education there, there may be a potential to deduct part of the cost of your trip.

Jan 06, 2019 02:05 PM
Rainmaker
471,187
Peter Mohylsky
BETTER HOMES AND GARDENS REAL ESTATE - Santa Rosa Beach, FL
Your Bucket List Broker Along Scenic 30A

Talk to your book keeper, keep good records and sleep well at night.  

Actually all the above except the last.  Do something business related on the trip.  Meet a client, preview some properties, meet with  local realtor to discuss business,

Jan 06, 2019 12:29 PM
Rainmaker
411,380
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Alan May and I concur.  When in doubt consult with youir CPA! 

Jan 06, 2019 11:45 AM
Rainmaker
825,019
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Hi Raymond,  you best talk to your CPA regarding this question.  Good luck.

Jan 06, 2019 05:05 PM
Rainmaker
707,935
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course you know you need to counsult a Cpa. I am not a CPA.

But if i were in NY and visiting FL I would go to the local Tax collector office and purchase a list of properties that have tax delinquencies. That could turn the travel cost into business trip. Now, you have a list available for your entertainment purposes. If you do entertain yourself, and you would need to be in Palm Springs to do so, you could create a legitimate reason for meeting the local pros regarding how the county handles tax certificates. Do they EVER lead to owning the real estate? (In Pinellas County Florida the answer is NO!) How can tax certs turn into ownership in Palm Springs you ask the locals?

Be aware, investing the hour this takes actually turns this into a business trip and not simply gaming the system. Who knows, you just might like what the entertainment turn up.

Jan 06, 2019 11:49 AM
Rainmaker
1,392,187
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great answers are here. 

Jan 06, 2019 07:03 PM
Rainmaker
2,888,828
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am funny and could deduct lots of trips but feel funny about it so do not do it.

Jan 06, 2019 05:46 PM
Rainmaker
930,117
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

A friend went to Hawaii looking at girls on the beach. He picked up some real estate flyers and claimed it was the cost of searching investment properties.

On the tax cost of travel to search for properties-did not find any. It was used to offset cash flow so IRS did not mind.

Jan 06, 2019 04:20 PM
Rainmaker
302,400
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I would check with my CPA.  You can always meet other agents in Palm Springs and network.  

Jan 06, 2019 04:19 PM
Rainmaker
967,194
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Great answers. 

Jan 06, 2019 04:01 PM
Rainmaker
228,540
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

See if there is a CRS class...etc, offered in Palm Springs

Jan 06, 2019 03:43 PM
Ambassador
1,532,978
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Go by an agency and get a business card.

Jan 06, 2019 03:22 PM
Ambassador
2,949,445
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I second Alan May's suggestions...or travel with fellow Realtors® but, FIRST check with your CPA!

Jan 06, 2019 07:32 PM
Rainmaker
2,709,348
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Discuss this with your tax professional. 

Jan 07, 2019 08:07 AM
Rainmaker
4,687,698
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Make an appointment or two with local Realtors to discuss potential referrals.

Jan 07, 2019 06:45 AM
Rainmaker
2,711,117
Richard Weeks
Dallas, TX
REALTOR®, Broker

Good question for a cpa.

Jan 07, 2019 05:00 AM
Rainmaker
764,304
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Follow the IRS rules and the advice of your tax professional. 

Jan 06, 2019 08:20 PM
Rainmaker
743,085
Diana Zaccaro
Tropical Realty Beachside brokered by eXp - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

Check with your CPA first. Everyone's tax situation is different so you need to know how to best structure what you do.

We have a lot of snowbirds here who are active real estate agents up north and spend time networking with local agents as a write off. If there are any classes or seminars you can attend in that area, it would most likely qualify but follow your CPA's advice and document everything!   

Jan 06, 2019 07:12 PM
Rainmaker
4,360,397
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not.

Jan 06, 2019 12:44 PM
Rainmaker
3,877,733
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I usually know someone in the city, and talk real estate at a lunch or dinner.

Jan 09, 2019 08:20 AM
Rainer
112,045
Anthony Kirlew
Keller Williams Realty East Valley - Gilbert, AZ
Helping You Make Fiscally Sound Choices

Talk to your accountant about it as they would be the one to represent you in an audit. 

Jan 08, 2019 10:59 PM
Rainmaker
3,893,873
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I talk real estate and document who I talk to

Jan 08, 2019 06:22 PM
Rainmaker
1,206,073
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Just to let everyone know it will be a personal trip and maybe a little fun away from the cold!

Jan 07, 2019 05:40 AM
Rainmaker
1,478,170
Sandy Padula and Norm Padula, JD, GRI
Realty National - Carlsbad, CA
Presence, Persistence & Perseverance

Meet with a RE broker to discuss setting up a referral agreement for your Rochester clients looking to escape the cold. Document it; BINGO!

Jan 12, 2019 02:55 PM