Taxpayer owns a Costa Rican corporation, which holds a rental property.
Taxpayer wants to know if he can deduct travel between US and this rental property. My gut says no, because it is a foreign corporation, so why would US allow the deduction.
He's pretty insistent, though.
I think he could deduct the travel on his Costa Rican corporation. That corporation has not yet shown a profit, so no Worldwide income has been claimed on his US tax return.
Any help would be most appreciated. Feel like i'm in the weeds on this one.