We are limited partners with a syndication deal. There is a need for us to go visit the properties and trust and verify the current issues/struggles our general partners inform us.
My question is ," Is there a way to track the Real Estate Syndication expenses, such as food, mileage, and hotel expenses?"
Please kindly advise.
@adalovepapa If you’re looking to understand what’s deductible in this situation, I think this is probably a question for a CPA, but perhaps others in the forum know the answer. From a purely tracking perspective, you could set up a Portfolio in Stessa and then assign these expenses at the portfolio-level if they do not apply to one specific property: