Hello
I've got a property settling tomorrow, and today I conducted the pre-settlement inspection.
I caught a taxi there and back.
It's small bikkies I know, but is the $40 taxi fare a deductible expense?
The property is not available for rent (until after it settles tomorrow) so I guess it's not a deductible expense, should it be treated as a purchase cost?
thanks
Roosterman
I've got a property settling tomorrow, and today I conducted the pre-settlement inspection.
I caught a taxi there and back.
It's small bikkies I know, but is the $40 taxi fare a deductible expense?
The property is not available for rent (until after it settles tomorrow) so I guess it's not a deductible expense, should it be treated as a purchase cost?
thanks
Roosterman