Girard is a self-employed marketing consultant who spends significant time entertaining potential customers. He keeps all the appropriate records to substantiate his entertainment. He has the following business-related expenses in the current year. $$\begin{array} { l r }
\text { Business meals } & \$ 7,000 \
\text { Tickets to baseball games } & 500 \
\text { Tickets to football games } & 500 \
\text { Yacht maintenance (the yacht is all business use) } & 6,000
\end{array}$$ What is the tax deductible meals and entertainment expense Girard may claim in the current year? On which tax form should he claim the deduction?

Question

Girard is a self-employed marketing consultant who spends significant time entertaining potential customers. He keeps all the appropriate records to substantiate his entertainment. He has the following business-related expenses in the current year. $$\begin{array} { l r } 
\text { Business meals } & \$ 7,000 \
\text { Tickets to baseball games } & 500 \
\text { Tickets to football games } & 500 \
\text { Yacht maintenance (the yacht is all business use) } & 6,000
\end{array}$$ What is the tax deductible meals and entertainment expense Girard may claim in the current year? On which tax form should he claim the deduction?

Quizplus · Accepted Answer

The Answer of Girard is a self-employed marketing consultant who spends significant time entertaining potential customers. He keeps all the appropriate records to substantiate his entertainment. He has the following business-related expenses in the current year. $$\begin{array} { l r } 
\text { Business meals } & \$ 7,000 \
\text { Tickets to baseball games } & 500 \
\text { Tickets to football games } & 500 \
\text { Yacht maintenance (the yacht is all business use) } & 6,000
\end{array}$$ What is the tax deductible meals and entertainment expense Girard may claim in the current year? On which tax form should he claim the deduction?

Girard Is a Self-Employed Marketing Consultant Who Spends Significant Time