Fynn incurred and paid the following expenses during 2018: $50 for a ticket for running a red

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Fynn incurred and paid the following expenses during 2018:

  • $50 for a ticket for running a red light while he was commuting to work.
  • $100 for a ticket for parking in a handicapped parking space.
  • $200 to an attorney to represent him in traffic court as to the two tickets.
  • $500 to an attorney to draft an agreement with a tenant for a one-year lease on an apartment that Fynn owns.
  • $1,000 to an attorney to negotiate a reduction in his child support payments.
  • $2,500 to an attorney to negotiate a reduction in his qualified alimony payments to a former spouse.

Calculate the amount of Fynn deductible expenses.

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Related Book For  answer-question

South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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