On Thursday, Justin flies from Baltimore (his home office) to Cadiz (Spain). He conducts business on Friday
Question:
a. For tax purposes, what portion of Justin's trip is regarded as being for business?
b. Suppose Monday had not been a legal holiday. Would this change your answer in part (a)? Explain.
c. Under either (a) or (b), how much of Justin's airfare qualifies as a deductible business expense?
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Related Book For
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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