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Question

Ed is a self-employed heart surgeon who lives in Michigan and has incurred the following reasonable expenses. How much can Ed deduct?

$1,600 in airfare to repair investment rental property in Colorado.

$530 in meals while attending a medical convention in New York.

$315 for tuition for an investment seminar "How to pick stocks."

$126 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 _________.

Multiple Choice

  • $1,865 "for AGI"
  • $106 "for AGI" and $1,865 "from AGI"
  • None of the choices are correct.
  • $1,915 "for AGI" and $328 "from AGI"
  • $508 "for AGI"

 

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Answer - A. $1,300 "for AGI"

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