Question 27

2.5 Points

Ed is a self-employed heart surgeon who lives in Michigan and has incurred the following reasonable expenses. How much can Ed deduct? $1,000 in airfare to repair investment rental property in Colorado. $500 in meals while attending a medical convention in New York. $300 for tuition for an investment seminar "How to pick stocks." $100 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day. The correct answer is ________.

A. $1,250 "for AGI"

B. $80 "for AGI" and $1,300 "from AGI"

C. $1,300 "for AGI" and $300 "from AGI"

D. $480 "for AGI"

E. None of the choices are correct.