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Day 31: Rudy stops by the firepit to boast about how strategic he is about life. He owns a small business called From Abroad. When
Day 31: Rudy stops by the firepit to boast about how strategic he is about life. He owns a small business called "From Abroad." When he travels on vacation with his family, he brings back 3 souvenirs and lists them for sale on eBay. He says this allows him to deduct all the expenses of the vacation because this vacation expense was needed to attain the items to sell. He purchased 3 blankets for $30 each. He has already sold these on eBay for $50 each. The total cost of the vacation was $8,000. What questions would you ask Rudy to see if his vacation strategy is right? (Record hypothetical answers she provides so you can be prepared to do their tax return at year end)
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