Article Date:
January 2022

Word Count:



Business Travel: Stay at the Mom and Dad Hotel

Imagine this:



Tax deduction for you


Tax-free income for Mom and Dad


It doesn’t have to be Mom and Dad. The tax-free income can go to your brother or sister, or your best friend.


To make this work, you need to have a business reason to travel and stay overnight at the Mom and Dad Hotel.


Say you travel to a convention, rent your parents’ guest room for five days, and pay them $1,000 fair rent. You deduct the $1,000 as a business travel expense. Your parents have $1,000 of tax-free income.


Sound good? Great, let’s see how you can make this work for you by following three rules. ... Log in to view full article.

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