Jack owns two motels in New York and travels to Boston to discuss purchasing another motel....

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Jack owns two motels in New York and travels to Boston to discuss purchasing another motel. Jack incurred the following expenses: $1,000 Travel, $1,000 Accounting fees, and $4,400 Marketing studie 1. What amount if any can Jack deduct as expenses if he decides not to purchase the motel? 2. What amount if any can Jack deduct as expenses if he decides to purchase the motel? For the toolbar, press ALT+F10(PC) Jack owns two motels in New York and travels to Boston to discuss purchasing another motel. Jack incurred the following expenses: $1,000 Travel, $1,000 Accounting fees, and $4,400 Marketing studie 1. What amount if any can Jack deduct as expenses if he decides not to purchase the motel? 2. What amount if any can Jack deduct as expenses if he decides to purchase the motel? For the toolbar, press ALT+F10(PC)