Kelly is an employee who incurs $2,000 of business meal expenses in connection with business entertainment and

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Kelly is an employee who incurs $2,000 of business meal expenses in connection with business entertainment and travel, none of which are reimbursed by her employer. $500 of the business meal costs are considered to be lavish or extravagant. How much can Kelly deduct before applying the 2% nondeductible floor on miscellaneous itemized deductions?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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