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Chris M

Can we write off K-1 and other expense (ie airline tickets) on taxes?

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Filed: Timeline
Say hello to Bernie Madoff when you share a cell with him. It's a free country if you're willing to go to prison.

They don't really send you to prison for taking invalid deductions, unless it's obviously criminal. Fines, extra interest, slap on the wrist, it actually takes a lot of effort for the IRS to send you to prison.

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So I was sitting here doing my taxes today, and had a thought. Some of you may know my situation, but last March I brought my now ex-fiancee here to the US. She was here for 2 months, and we both decided it was in our best interest not to get married. We got along great, but I know it was a tough adjustment for her and saw it was not going to work. Although I respect the hell out of her saying something before we got married, and wish nothing but the best. We still remain friends, and that's good for me. :)

At any rate, I never thought about asking to claim the K-1 fee on my taxes in 2010. Not really sure why I didn't think of it before, but I'm thinking about it now. Also in 2011 would I be able to claim any flight purchases to get her here to the US, and back again to Russia. As we all know those are not cheap either. What else could we look at as well? What would we file these under using Turbo Tax or Tax Act software?

So for myself, and everyone else on here during tax season, what can, and can we not claim on taxes?

Thanks all.

Chris

:ot2: Er.... no

3dflags_ukr0001-0001a.gif3dflags_usa0001-0001a.gif

Travelers - not tourists

Friday.gif

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