Kelly is a self-employed tax attorney whose practice primarily involves tax
planning. During the year, she attended a three-day seminar regarding new
changes to the tax law. She incurred the following expenses:
Lodging $400
Meals 95
Course registration 350
Transportation 150
1. How much ca...
✓ Gratutity, Meals, cover charges, and party- Meal Cost
David is a college professor who does some consulting work on the side. He
uses 25% of his home exclusively for the consulting practice. He is single and
63 years old. His AGI (without consideration of consulting income) is $45,000.
Other information follows:
Income from consulting business$ 4,000
Consulting expenses other than home office1,500
Total costs relating to home: Interest and taxes6,500
Utilities1,500
Maintenance and repairs450
Master01 | October, 2024/2025 | Latest update
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