Which of the following is a true statement?
A) Meals,lodging,and incidental expenditures are only deductible if the taxpayer is away from home overnight while traveling.
B) Meals are deductible for an employee who is forced to work during the lunch hour.
C) When a taxpayer travels solely for business purposes,only half of the costs of travel are deductible.
D) If travel has both business and personal aspects,the cost of transportation is always deductible but the deductibility of lodging depends upon whether business is conducted that day.
E) None of these is truE.When the travel has both business and personal aspects,the deductibility of the transportation costs depends upon whether business is the primary purpose for the trip.If the primary purpose of a trip is business,the transportation costs are fully deductible,but meals (50%) ,lodging,and incidental expenditures are limited to those incurred during the business portion of the travel.
Correct Answer:
Verified
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