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Big Money Joe works for a high-end law firm in New York City. Joe parks his big fancy AMG Mercedes in a spacious garage. The

Big Money Joe works for a high-end law firm in New York City. Joe parks his big fancy AMG Mercedes in a spacious garage. The law firm pays $500 per month for the parking for Joes fancy car. Which of the following is correct after 2019?

A. The parking is deductible by the firm.

B. The parking is not deductible by the firm because the amount exceeds the monthly allowable limit.

C. The parking is not deductible by the firm, to the extent it exceeds the monthly limit.

D. The parking is not deductible by the firm regardless of the monthly amount.

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