Location Transport

I own a second home in a location where I travel for business. What travel expenses can I deduct?

When I travel to the second home location, I stay in the property rather than renting a hotel. Can I deduct some costs associated with this property? For example, depreciation of the purchase price? What about office furniture? What about other furniture? Management fees, utilities, etc? Thanks to all who responded. I did speak to an accountant per your suggestions. I ended up only deducting a few specific things here (such as a printer, desk, etc.). Most of the other items might have been OK but I wasn't sure so decided to play it conservative.

Public Comments

1. Seriously, consult with a tax CPA for this NOT a message board! I am a CPA, but not a tax one, and this is a VERY complicated issue because you have several different types of expenses associated with the home.
2. For business travel, many lodging expenses are tax deductible. This could be a HUGE deduction, so collect your paperwork and call up an accountant. Tell him you want a FREE 5 minute consultation, first of all. Say you want to know if your house can be tax deductible. If he says yes, then book a date right away. You'll probably have to invest alot into getting a good accountant before taxes are due, so make sure the deduction will be big. See the Irs website: http://www.irs.gov/taxtopics/tc511.html
3. From the IRS's point of view, none. For lodging expenses on business trips, you need actual receipts. You can't issue yourself a bill, so this is a lose, lose situation.