Larry went from Cleveland to New York on business. His time was spent as follows
ID: 2775190 • Letter: L
Question
Larry went from Cleveland to New York on business. His time was spent as follows:
During the trip, Larry incurred and paid expenses of $180 per day for lodging from Thursday night through Tuesday night and $110 per day for meals from Friday through Tuesday. Round-trip airfare was $400. Larry is a self-employed attorney who practices law in Cleveland.
a. Assuming no meals on travel days, how much can Larry deduct for the New York trip?
b. Since Larry is self-employed, does the deduction for or from AGI result?
Thursday Travel Friday Business Saturday and Sunday Sightseeing Monday and Tuesday Business Wednesday TravelExplanation / Answer
Question a. No of Days lodging from Thurse day night to Tuesday night 6 Lodging Charges 180 per day 1080 Meal Charges from Friday to Tuesday (110 x 5 days) 550 Air fare (@400 round trip) $ 400.00 Total Cost of Trip $ 2,030.00 Larry is allowed a deduction for $2,030 Question b. The deduction is to be made from the AGI result. Because it relates to his business.
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