Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-10-2014, 02:14 PM
Junior Member
 
Join Date: Apr 2014
Posts: 1
Research, language study and personal trip

I took a long trip last year with multiple facets, and I cannot figure out if any of them are tax deductible. I took a seven month trip that started in August and ended in February of this year. The trip had multiple points as listed below:

1) Walk el Camino de Santiago (I met a big player in the German startup scene on this walk who I followed up with in Germany)
2) Tour Germany to meet startup organizations and study German to help me improve chances of getting funded by a German organization
3) Follow a treasure map to a motorcycle hidden in the mountains in northern India (pure pleasure )
4) Tour Colombia to meet the startup scene there and also to learn Spanish to help my chances of interacting with the startup scene there for the purpose of searing funding.

I have school fees for German and Spanish classes as well as airline tickets. I am also writing stories on my trips that will hopefully be published this year. Is there any way that I can write off last year's travel and school costs on my 2013 taxes even though I had no personal income outside of my job (which I quite in August) and renting my apartment out on AirBNB while I was traveling?

I also bought a motorcycle in Colombia to tour the country for my travel-writing stories, which was a $3000 outlay. I was not able to sell it when I left, so I recovered no money on it yet.

Regards,
Camelman



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-10-2014, 09:36 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by Camelman View Post
I took a long trip last year with multiple facets, and I cannot figure out if any of them are tax deductible. I took a seven month trip that started in August and ended in February of this year. The trip had multiple points as listed below:

1) Walk el Camino de Santiago (I met a big player in the German startup scene on this walk who I followed up with in Germany)
2) Tour Germany to meet startup organizations and study German to help me improve chances of getting funded by a German organization
3) Follow a treasure map to a motorcycle hidden in the mountains in northern India (pure pleasure )
4) Tour Colombia to meet the startup scene there and also to learn Spanish to help my chances of interacting with the startup scene there for the purpose of searing funding.

I have school fees for German and Spanish classes as well as airline tickets. I am also writing stories on my trips that will hopefully be published this year. Is there any way that I can write off last year's travel and school costs on my 2013 taxes even though I had no personal income outside of my job (which I quite in August) and renting my apartment out on AirBNB while I was traveling?

I also bought a motorcycle in Colombia to tour the country for my travel-writing stories, which was a $3000 outlay. I was not able to sell it when I left, so I recovered no money on it yet.

Regards,
Camelman
sory no;in general. if you can prove that you used part or all of the trip foryour business. This is the best way for you to find ways to deduct part of your travel expenses on a trip overseas. aslongas you conduct business while on vacation, you can count as a business day any day in which you were required to be at a particular location to conduct business or spent at least half of a normal, eight-hour workday doing job-related activities. Business days can also include days in which you cannot work because of illness, accident or cancellation; and weekends, holidays and stand-by days, as long as they fall between workdays. If you stay at your destination after a workday on a weekend or holiday for non-business reasons, it is not a workday.you need to
keep a specific log of their business activities for tax reasons. That includes who you met with, notes on what business was conducted, when it was and how long the business activity lasted, where the business activity took place and why it took place



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Education Credit for a Study Abroad Student Islandmama62 Tax Credit 3 01-18-2014 04:29 PM
Deduction for Volunteer Trip to Lourdes, France crosby1 Itemized Deductions 1 12-05-2010 01:17 AM
What are the benefits of a Cost Segregation Study? TaxGuru General 0 07-19-2009 12:54 AM
What is a Cost Segregation Study? TaxGuru General 0 07-19-2009 12:37 AM
Medical Study Tax Question - ADVICE APPRECIATED! taxdog Income 0 05-18-2009 07:10 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.