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In order for travel to be deductible, the travel has to be in connection with your current business, profession or job.
You may deduct travel expenses you had in looking for a new job in your present trade or business, but you may not deduct these expenses if you had them while looking for work in a new trade or business or while looking for work for the first time.
If you were currently in the real estate business or had other rental properties that accounted for at least a portion of your income or business activity, then some or all of your expenses for the trip to the Philippines might possibly be deductible, but under the circumstances, you are basically at this point "speculating" on the possibility of a future business venture, and would not be able to deduct any of the costs associated with this trip. If you end up buying rental property in the Philippines, then a portion of your future travel expenses to that location may be deductible in connection with your rental activities. You may refer to IRS Publication 511 for more details on this subject.
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