Question: Kelly is a self-employed tax attorney whose practice primarily involves tax planning. During the year, she attended a three-day seminar regarding new changes to the
Lodging ………………………….$400
Meals ……………………………. 95
Course registration ……………… 350
Transportation………………….. 150
a. How much can Kelly deduct?
b. Kelly believes that obtaining a CPA license would improve her skills as a tax attorney. She enrolls as a part-time student at a local college to take CPA review courses. During the current year, she spends $1,500 for tuition and $300 for books. How much of these expenses can Kelly deduct? Why?
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