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Kim works for a clothing manufacturer as a dress designer. During 2020, she travels to New York City to attend five days of fashion shows
Kim works for a clothing manufacturer as a dress designer. During 2020, she travels to New York City to attend five days of fashion shows and then spends three days sightseeing. Her expenses are as follows: $2,300 2,990 Airfare Lodging (8 nights) Meals (8 days) Airport transportation 2,760 140 Assume lodging/meals are the same amount for the business and personal portion of the trip ($374 per day for lodging and $345 per day for meals). If an amount is zero, enter "O". If required, round all interim calculations to nearest dollar. a. Determine Kim's business expenses, presuming no reimbursement. Airfare Lodging Meals Transportation Total What amount may she deduct on her tax return? b. Would the tax treatment of Kim's deduction differ if she was an independent contractor? The deductible expenses would be $ and the expenses would be classified a a deduction for AGI an itemized deduction Check My Work
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