Question: In 2022 Eldi took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the opera.
In 2022 Eldi took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the opera. Eldi paid $180 for the meal and separately paid $300 for the opera tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Eldi deduct as a business expense?
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Eldi can deduct the full cost of the meal 180 as a ... View full answer
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