Welcome Guest. Register Now!  


For 2016 Tax Tips For Year 2016.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-05-2017, 06:07 AM
Junior Member
 
Join Date: Mar 2017
Posts: 1
2nd home used solely for business use

I have a 2nd home in another state where I am not a resident. In 2016 I used the property as a home solely when traveling on business (on behalf of my sole-proprietor LLC). Basically I used a furnished property I owned in lieu of a hotel.

Can I deduct the market rent for my 2nd home on schedule C as a travel expense?

The travel was mandated by a client contract and I spent approximately 1/3 of 2016 living/working out of my 2nd home. In 2015 the property was rented full-time as an investment property.

Thank you!



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
I sold a business, can I sell my home to a family member for a loss to offset the tax on the business? TomFrank Capital Gains 1 04-12-2016 10:36 PM
Work from home & home based business Sanjeev Income 3 08-04-2014 10:03 PM
use of home for business shaui Sole-Proprietorship 1 03-29-2008 09:42 PM
I have a home business and would like to know if I can omit depreciation on my home? JimiGood Sole-Proprietorship 1 02-17-2008 10:05 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