During 2021, Jos, a self-employed technology consultant, made gifts in the following amounts. In addition, on professional
Question:
During 2021, José, a self-employed technology consultant, made gifts in the following amounts.
In addition, on professional assistants’ day, José takes Haley to lunch at a local restaurant at a cost of $82. Presuming that José has adequate substantiation, how much can he deduct?
Transcribed Image Text:
To Haley (José's personal assistant) at Christmas To Darryl (a key client)-$3 was for gift wrapping To Darryl's wife (not a client of the bank) on her birthday To Veronica (José's office manager) at Christmas $36 53 20 30
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The total amount that Jos can deduct is 191 This includes the 36 gift to ...View the full answer
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South-Western Federal Taxation 2022 Essentials Of Taxation Individuals And Business Entities
ISBN: 9780357519431
25th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young, David M. Maloney
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