Question
Claudia owns her own marketing firm. She regularly travels for work. Claudia recently traveled from Cincinnati, Ohio to Los Angeles, California for a business meeting.
Claudia owns her own marketing firm. She regularly travels for work. Claudia recently traveled from Cincinnati, Ohio to Los Angeles, California for a business meeting. Below are the details of her trip.
Thursday, January 10th- Flight at 3 pm to Los Angeles
Friday January 11th - Business Meeting- 8 am until 9 pm
Saturday Wednesday - Personal travel days.
Wednesday, January 16th evening- Return flight home to Cincinnati, OH.
1. How much of Claudia's flight cost of $600 can be deducted as a business expense?
2. How would your analysis change for the flight cost if Claudia had traveled to London England instead of staying in the continental US?
3. Assuming Claudia's flight costs are deductible, where would she report them on her form 1040 Federal Individual Income Tax Return?
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