Question
Larry went from Cleveland to New York on business. His time was spent as follows: Thursday Travel Friday Business Saturday and Sunday Sightseeing Monday and
Larry went from Cleveland to New York on business. His time was spent as follows:
| Thursday | Travel |
| Friday | Business |
| Saturday and Sunday | Sightseeing |
| Monday and Tuesday | Business |
| Wednesday | Travel |
During the trip, Larry incurred and paid expenses of $180 per day for lodging from Thursday night through Tuesday night and $110 per day for meals from Friday through Tuesday. Round-trip airfare was $400. Larry is a self-employed attorney who practices law in Cleveland.
a. Assuming no meals on travel days, how much can Larry deduct for the New York trip?
b. Since Larry is self-employed, does the deduction for or from AGI result?
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Personal Financial Planning For Executives And Entrepreneurs
Authors: Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes
1st Edition
3030405273, 978-3030405274
