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Sofia and Tara are tax accountant partners operating a tax firm in San Diego. In 2022, they attend the Tax Planning Forum in Las Vegas
Sofia and Tara are tax accountant partners operating a tax firm in San Diego. In 2022, they attend the Tax Planning Forum in Las Vegas featuring nationally renowned tax experts. The Forum lasts for 2 days. One evening, Sofia and Tara attend a show and another evening they lose $10 gambling on the nickel slot machines. Their expenses are as follows:
Airfare | $ 400 |
Hotels | 300 |
Restaurant meals | 180 |
Forum registration | 1,000 |
Tickets to show | 100 |
Gambling loss | 10 |
$1,990 |
Calculate the firm's deduction for attending this event.
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