Carey opens a law office in Chicago on January 1, 2023. On January 1, 2023, Carey purchases an annual subscription to a law journal for $240 and a one-year legal reference service for $3,500. Carey also subscribes to Chicago Magazine for $60 so she can find great places to take clients to dinner and review the “Best 50 Lawyers in Chicago” list published each year. Calculate Carey's deduction for the above items for the 2023 tax year.fill in the blank 1 of 1$
Carey opens a law office in Chicago on January 1, 2023. On January 1, 2023, Carey purchases an annual subscription to a law journal for $240 and a one-year legal reference service for $3,500. Carey also subscribes to Chicago Magazine for $60 so she can find great places to take clients to dinner and review the “Best 50 Lawyers in Chicago” list published each year. Calculate Carey's deduction for the above items for the 2023 tax year.fill in the blank 1 of 1$
Chapter3: Business Income And Expenses
Section: Chapter Questions
Problem 15P
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Question
Carey opens a law office in Chicago on January 1, 2023. On January 1, 2023, Carey purchases an annual subscription to a law journal for $240 and a one-year legal reference service for $3,500. Carey also subscribes to Chicago Magazine for $60 so she can find great places to take clients to dinner and review the “Best 50 Lawyers in Chicago” list published each year.
Calculate Carey's deduction for the above items for the 2023 tax year.
fill in the blank 1 of 1$
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