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Not deductible Not deductible Problem 6-39 (LO. 3) Fynn incurred and paid the following expenses during 2020: Classify the following expenses as Deductible or Not
Not deductible Not deductible Problem 6-39 (LO. 3) Fynn incurred and paid the following expenses during 2020: Classify the following expenses as "Deductible" or "Not deductible". $50 for a ticket for running a red light while he was commuting to work. $100 for a ticket for parking in a handicapped parking space. $200 to an attorney to represent him in traffic court as to the two tickets. $500 to an attorney to draft an agreement with a tenant for a one-year lease on an apartment that Fynn owns. $1,000 to an attorney to negotiate a reduction in his child support payments. $2,500 to an attorney to negotiate a reduction in his qualified alimony payments to a former spouse. Not deductible Deductible Not deductible Not deductible Calculate the amount of Fynn's deductible expenses
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