Bruce wanted to be an Olympic skater. His family paid $ 12,000 in 2006 and $ 14,000

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Bruce wanted to be an Olympic skater. His family paid $ 12,000 in 2006 and $ 14,000 in 2007 for travel and training expenses related to skating practices and competitions. Bruce made the 2008 U. S. Olympic team. The U. S. Olympic Committee is an exempt organization. How much of Bruce’s expenses are deductible and when?
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Federal Tax Research

ISBN: 9781285439396

10th Edition

Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill

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