Shelley is self-employed in Texas and recently attended a two-day business conference in New Jersey. After Shelley attended the conference, she had dinner with an old friend who lived nearby. Shelley documented her expenditures (described below). What amount can Shelley deduct?

Question

Quizplus · Accepted Answer

Shelley can deduct the cost of her conference registration, the airfare to New Jersey, lodging expenses for two nights, and 50% of her meal expenses during the conference. The cost of her dinner with her friend is not deductible as it is considered a personal expense. Texas residency does not affect the deductibility of these expenses. Therefore, the total amount Shelley can deduct is $2,908.

Shelley Is Self-Employed in Texas and Recently Attended a Two-Day