Louie is a full-time employee for a retail company and also an investor in rental real estate

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Louie is a full-time employee for a retail company and also an investor in rental real estate in his spare time. In the current year, Louie incurs $2,500 of travel expenses and $1,000 in registration fees related to attending real estate investment seminars. He deducts the expenses on his income tax return as a for AGI expense related to the production of income. Are the travel expenses and registration fees deductible? Should they be classified as for AGI or from AGI?
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Related Book For  answer-question

Federal Taxation 2014 Comprehensive

ISBN: 9780133438598

27th Edition

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

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