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 the conference registration fee ($1,895), airfare ($500), hotel accommodations ($450), and meals during the conference ($168). The cost of dinner with her friend is not deductible. Therefore, the total deductible expenses amount to $3,013. There is no requirement that the conference be in Texas for the expenses to be deductible. However, Shelley's ability to deduct these expenses may be limited by other factors, such as the percentage of her income that she earns from self-employment or the overall amount of her itemized deductions.

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