OT - Barbados, yeah or nay?
On Mon, 29 Nov 2010 14:23:27 -0800, Steve B wrote:
A friend wants me to go with her to look at some property available on
Barbados. Your thoughts, travel experiences appreciated.
Steve
A word of warning for tax purposes. Is your trip truly for investment
purposes or pleasure? You will not be able to write off the trip if you
spend 5 days on the beach and 1 or 2 days looking at property. Additional
trips must also be primarily business related to the property, inspection,
improvements, repairs, and an overwhelming majority of the time there must
be on these activities.
Mike D. Tax preparer
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