Larry went from Cleveland to New York on business. His time was spent as follows: Thursday ............
Question:
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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a 1755 Travel days count as business days Likewise Saturday an...View the full answer
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Related Book For 
South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781285438290
18th Edition
Authors: James Smith, William Raabe, David Maloney, James Young
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