On Mar 26, 9:01*pm, "nickra...[at]gmail.com" <nickr...[at]gmail.com> wrote:
- quote -


Do you actively manage these rental properties? When you are in the
US, what percent of your time is actually used to manage these
properties?

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On Mar 28, 12:03*am, an_ordinary_guy_...[at]hotmail.com (Bill) wrote:
- quote -

everywhere, as do the Aussies, if you were a citizen here.
2. As for the rental inspection, I mean, technically, how does one
proportion this if one visits the house, checks comparables in the
newspaper, spends only maybe 2 hours of a 14-day trip? Get a
percentage from 2 hours of 14 days?!?!?! Man, the flight alone takes a
day! And you need recovery time. And what about costs? A business
class ticket costs $14K? Are there limits? These seems like an
excessively gray area, no? Are their any specifically worded regs?

========================================= MODERATOR'S COMMENT:
please trim the post to which you are responding

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nickravo[at]gmail.com (nickravo1[at]gmail.com) posted:

- quote -

A full-time Aussie, and still paying US taxes?

To the extent your trip was dedicated to inspection, maintenance and or
administration of the rental properties, the answer is, "Yes."

But the IRS is not going to be unaware of the probability that you
conducted other activities in your self-interest, during your visits
back to the States. So it would be prudent to allocate the expense in a
reasonable manner, to reflect the mixed purposes.

Bill

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I rent out two homes in South Florida. I am currently living FT in
Australia. I fly back to the US once or twice a year. Can I deduct my
flights, rental cars, meals, hotel bills as part of my expenses on the
houses?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >