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Started By
Message
re: Travel Expenses for Travel Agents
Posted on 4/11/16 at 3:05 pm to LSUFanHouston
Posted on 4/11/16 at 3:05 pm to LSUFanHouston
quote:
Any trips they take without family, we generally tell them they can deduct.
quote:
And if they go three years in a row without selling a vacation package, we tell them no more.
Interesting. You allow some of them to go 3 years without revenue?
2
Posted on 4/11/16 at 8:41 pm to LSUAfro
No problem as far as Income. These ladies really do sell vacations ($14k profit in their LLC). They are looking to use the trips as unreimbursed expenses on 2106. In some regards I think even the expenses for their kids is doable since they are leaning how their kids react and can advise clients accordingly
Posted on 4/12/16 at 9:01 am to LSUAfro
quote:
Interesting. You allow some of them to go 3 years without revenue?
I worded that poorly. If they go three years in a row without selling a package, on the third year, we don't take any deductions. So really it's two.
If they go three out of five years showing a loss, we have a long discussion about hobby vs business.
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