Kea Posted March 10, 2009 Report Posted March 10, 2009 I have a client that rents out her old house in a different state. She spent a few days there to take care of a few issues. Can she take a meal allowance as a travel expense (@ 50%)? I know she could for a self employed business, but I'm not sure if rentals are treated the same way. All my other clients with rentals live in the same city as their rental. Thanks. Quote
TAXBILLY Posted March 10, 2009 Report Posted March 10, 2009 Yes. Page 4: http://www.irs.gov/pub/irs-pdf/p527.pdf taxbilly Quote
Kea Posted March 10, 2009 Author Report Posted March 10, 2009 Thanks. I knew the travel counted just wasn't sure if the meals part did. Just wanted to make sure this wasn't one of the cases where the IRS said "you have to eat, anyway." Quote
Ray in Ohio Posted March 10, 2009 Report Posted March 10, 2009 "you have to eat, anyway." isn't that just a bad habit? (or aren't ALL things that are fun and make you feel good a bad thing?) Quote
TAXBILLY Posted March 10, 2009 Report Posted March 10, 2009 A friend of mine was telling me that he doesn't drink, doesn't smoke, doesn't gamble, doesn't play around. He thought for a moment and said: "Just shoot me now!." taxbilly Quote
kcjenkins Posted March 10, 2009 Report Posted March 10, 2009 Just wanted to make sure this wasn't one of the cases where the IRS said "you have to eat, anyway." While you do have to eat anyway, you would not have to eat out, at extra cost, except for the travel. So getting to take the small 50% of meals is really just covering the extra cost of eating out. Quote
Kea Posted March 11, 2009 Author Report Posted March 11, 2009 Thanks to everyone! I appreciate the reassurances. Quote
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