Wednesday, March 27, 2013

What Expenses can we Deduct?

Q.   Where on your site can I find answers about what and how much of your expenses can be deducted when you live and travel full time in your RV and do business on the road? 

A.  Since there is no place in the IRS code that pertains to RVers working on the road or otherwise, there is really no one place on my site where you will find deductible expenses. You have to start with the expenses allowable if you worked out of your house, and go from there.

Each case is so different, and deductible expenses will be different not only from one person to the next, but even when using your RV full time, will differ from year to year. Hopefully after April 15, given a few days to recoup, I will make up some examples which may be of help.

Tuesday, March 26, 2013

Changing your Residency

Q.  We want to change our primary residence, but have been unable to sell our house and apartment building. We became full-timers in January and want to relocate to South Dakota. Do we have to wait until our house sells before doing so?

A.  No, there is no requirement that your former house needs to sell first. Each state has different residency requirements, but selling a house in a former state isn't one of them. Usually it's the amount of time you establish in the new state. Go to the links provided on the left side of my blog. This would be a good place to start. And since you are now on the road, why not make a trip there and find out personally. Good luck with the property sales, and enjoy your new life.

Monday, March 25, 2013

Campground Research for Job Search Deduction

Q.  If you spend time on the road researching campgrounds with the purpose of obtaining a camp host position, are any of the road expenses deductible under the job search deduction?

A.  To put on my devils advocate hat, I would say that if they offered you a job, and you made 1 trip to confirm it to be a suitable location for you, and I was preparing your tax, I would take that as a job search expense. I view pre-discovery trips to be problematic. Just my opinion.