LO.3 Larry went from Cleveland to New York on business. His time was spent as follows: Thursday
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LO.3 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. How much can Larry deduct for the New York trip?
b. How will any deduction be classified?
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Related Book For 
South Western Federal Taxation 2011 Taxation Of Business Entities
ISBN: 9780538498616
14th Edition
Authors: James E. Smith, William A. Raabe, David M. Maloney
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