tax write-off for trip to attend annual meeting?

[kathrynmtague]

I've always wanted to know this...and never bothered to ask my accountant (which would be the logical thing to do) but since this board is such a WEALTH of knowledge, here it goes:

Are my expenses eligible for a tax deduction (i.e. airfare, etc) to attend the annual association meeting - it's not like they offer access via webcast, so I need to get there from NJ if I want to participate...

 

[all5ofus]

No, unfortunately travel expenses related to administration of a vacation property are not deductible. Taxes and interest may be deductible depending on your personal circumstances.

 

[kathrynmtague]

Thank you! I knew this board would have the answer for me!

 

[CarolMN]

Originally posted by kathrynmtague
I've always wanted to know this...and never bothered to ask my accountant (which would be the logical thing to do) but since this board is such a WEALTH of knowledge, here it goes:

Are my expenses eligible for a tax deduction (i.e. airfare, etc) to attend the annual association meeting - it's not like they offer access via webcast, so I need to get there from NJ if I want to participate...

FWIW, members don't get to participate - they have no legal say in how things are run and have no part in the proceedings. There is a short question and answer period for those in the audience, but that is done on the part of DVC managerment as a courtesy / to further public relations and not required.

Anyway, even if you could deduct expenses for administration of a vacation property, I think you'd have a hard time getting this particular one by the IRS.

Nice idea, though!

Best wishes -