Ed is a self-employed heart surgeon who has incurred the following reasonable expenses. How much can Ed deduct?
$1,000 in airfare to repair investment rental property in Colorado.
$500 in meals while attending a medical convention in New York.
$300 for tuition for an investment seminar "How to pick stocks."
$100 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day.
The correct answer is _________.
A) $1,300 "for AGI"
B) $1,300 "for AGI" and $300 "from AGI"
C) $480 "for AGI"
D) $80 "for AGI" and $1,300 "from AGI"
E) None of these
Correct Answer:
Verified
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