Waldo bought two tickets for a Packers game on Ebay for $400. The tickets had a face value of $50 each. He took a client to the game and they had a dinner afterwards where they discussed business. The cost of the dinner was $70. What is Waldo's deduction for these expenses if they were incurred in 2017?

Question

Quizplus · Accepted Answer

In 2017, entertainment expenses were generally 50% deductible. The face value of the tickets ($100) and the dinner ($70) total $170, and 50% of that is $85.

Waldo Bought Two Tickets for a Packers Game on Ebay