Kelly is self-employed and incurs $2,200 of business meal expense in connection in with business travel. $500

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Kelly is self-employed and incurs $2,200 of business meal expense in connection in with business travel. $500 of the business meal cost are considered to be lavish or extravagant. How much can Kelly deduct in 2019?

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Federal Taxation 2020 Comprehensive

ISBN: 9780135196274

33rd Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse

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Question Posted: Mar 06, 2020 08:34 AM

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Kelly is self-employed and incurs $2,200 of business meal expense in connection in with business travel. $500

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Kelly may deduct 850 as a for AGI deduction in 2019 The deduction is computed as follows To...View the full answer

Federal Taxation 2020 Comprehensive

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