Julia operates a small business making gourmet pizza for high-end events. Julias business is called Pizza Like The Italians. In order to learn how Italians make pizza, Julia flew to Italy in 2017 and visited several pizza shops. During her trip, she visited with the pizza makers and solicited advice regarding how to make the best pizza. She also purchased some ingredients that she could not find in the U.S. The cost of her trip was $3,500 and the cost of the ingredients was $1,200

In addition, Julia had the following items for 2017:

$70,000 gross income from pizza sales

$20,000 of operating expenses and COGS (not including the expenses discussed above)

$7,000 of medical expenses

$2,000 of expenses related to real estate investments she is holding for appreciation

Julia also had an unfortunate event occur in 2017: her favorite painting was stolen. She paid $20,000 for the painting in 2010 and its FMV was $25,000.

Can Julia deduct the cost of her trip to Italy, including the ingredients? Why or why not? Please calculate (showing your work) Julias adjusted gross income and her taxable income for the year. Assume Julia itemizes her deductions. Be sure to explain any calculations.