Kelly is an employee who incurs $2,200 of business meal expenses in connection with business travel, none

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Kelly is an employee who incurs $2,200 of business meal expenses in connection with business travel, none of which are reimbursed by her employer. $500 of the business meal costs are considered to be lavish or extravagant. Ho\v much can Kelly deduct in 2017 and 2018 before applying the 2 % nondeductible floor on miscellaneous itemized deductions?

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Federal Taxation 2019 Individuals

ISBN: 9780134739670

32nd Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson

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