Question
Betty is a consultant and operates a sole proprietorship providing advisory services. In July of 2021, Betty traveled from Minneapolis to Munich, Germany, to meet
Betty is a consultant and operates a sole proprietorship providing advisory services. In July of 2021, Betty traveled from Minneapolis to Munich, Germany, to meet with a client. She spent a total of 15 days in Germany. 10 of the days were devoted to business, holding meetings with her client, and providing advisory services. Taking advantage of being abroad, Betty spent the other 5 days site seeing around Munich. Betty incurred the following expenses on her trip:
- Airfare $1,750
- Hotel $1,875 ($125/night)
- Meals at restaurants $1,350 ($90/day)
- Rental Car $375 ($25/Day)
How much of the above expenses qualify as deductible business travel expenses, and how much is deemed personal expenses, if any?
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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