Sam, an self employed individual, take 10 day trip from Texas to NewYork. She spends 6 days conducting business and 4 days visiting friends. Sam expenses: Airfare 600 Meal (10 days at $100) 1000 Lodging (10 days at $200) 2000 Entertainment of friends. 250 what actual amount may Sam deduct on form 1040, schedule C as a deduction for AGI?

Sam, an self employed individual, take 10 day trip from Texas to NewYork. She spends 6 days conducting business and 4 days visiting friends. Sam expenses: Airfare 600 Meal (10 days at $100) 1000 Lodging (10 days at $200) 2000 Entertainment of friends. 250 what actual amount may Sam deduct on form 1040, schedule C as a deduction for AGI?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 4CE

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