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