Summer is coming around, I'm
starting to plan my next vacation...
...and I am going to share a little secret.
You might have tried all the tricks in the book, but I'm
sure you haven't tried making your VACATION
TAX DEDUCTIBLE.
For example, you fly with your spouse
(aka your business partner)
to Orlando to scout and purchase a rental condominium.
Since this is a business trip, you can deduct the cost of all business expenses,
like travel, lodging, and services.
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Ordinary and necessary expenses are tax
deductible, and that's why you can deduct the cost of
expenses incurred while looking for new property.
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The top one is from the Sonaisali Island Resort in Fiji - my favorite place to vacation.
The island on the right is a canoe ride away.