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November 13, 2024
Question

TRAVEL EXPENSES

  • November 13, 2024
  • 2 replies
  • 0 views

A large portion of my retirement income comes from my investments in limited partnerships.  Can I deduct my travel expenses to attend a limited partnership annual meeting?

2 replies

November 13, 2024

Hi There:

 

Please see below link as provided by Turbo Tax.

 

Partnership Expenses 

November 13, 2024

You cannot write off travel expenses for an investment in a limited partnership if you did NOT materially participate in the operations of the partnership.