If you’re ever in doubt about whether a specific travel expense is deductible, it’s always a good idea to get professional advice from your accountant or CPA. The IRS also provides additional guidance for travel expense deductions in Publication 463. The cost of improvements is recovered by taking depreciation.” You can’t deduct the cost of traveling away from home if the primary purpose of the trip is to improve the property. You must properly allocate your expenses between rental and nonrental activities. “You can deduct the ordinary and necessary expenses of traveling away from home if the primary purpose of the trip is to collect rental income or to manage, conserve, or maintain your rental property. IRS and Travel Expense DeductionsĪccording to IRS Publication 527, Residential Rental Property: However, the IRS knows that travel expenses are one of the most abused deductions for business people, so it’s important to play by the rules before claiming a deduction for rental property travel expenses.