My wife does not have a full-time job. She is managing a real estate rental property. Often times, she had to travel from our primary resident home to the rental property for rental related functions. Can she write-off the mileage traveled from our house to the rental property? Thanks,
CT
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"Chris" wrote
If this is your personal property (you report the rents and rent related expenses on Schedule E), you would deduct those travel expenses against the rental incomes. If she is managing someone else's property (she's self-employed property manager), then the travel falls to Schedule C against her management income. If she's an employee of the rental management company, these expenses should be reimbursed by the employer - if not they fall to a 2106 and Schedule A.
-- Paul A. Thomas, CPA Athens, Georgia
Short answer: Yes - On Schedule E.
No. Unless she has a valid "home office" at her residence (used exclusively for such business), this is merely commuting mileage.
Who owns the property? Is she an employee when performing her management duties?
-Mark Bole
Uh... home office not absolutely necessary; just that home is principal place of activity. Now where was it we were discussing this issue maybe six months ago? ChEAr$, Harlan Lunsford, EA n LA
As I learned it, real estate rentals are not the sort of trade or business necessary for home office deduction.
Howevver if the wife is an employee, drawing a W-2 form, she may have 2106 employee business expenses, after factoring out the commuting. Or if she has home office for her employee job she can take home office and milage on the
2106. Or she might have a schedule C property management business and takes mileage and home office on her schedule C. Not on a schedule E. 2106 expenses.-- ArtKamlet at a o l dot c o m Columbus OH K2PZH
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