World travels

tax deductions around the world ticket

One taxpayer decided to write off the entire cost of his $50,000, multi-year globetrotting extravaganza, which included trips to Italy, France and Greece. And it worked, all because he wrote a book about his travels.

His tax preparer Jerry Lewin, managing director of accounting firm CBIZ MHM, said that because the book was actually published -- even if it was by an obscure, low-budget publishing house -- and because he made a small profit from it -- only 20 books were sold -- it counted as a business expense.

First published March 27, 2014: 2:40 PM ET

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