Milly operates a small business and incurs the following expenses: Annual dues Tampa Bay Golf Club $2,000 Meals with clients after golf 500 Meals with clients at the Club's dining room where business was conducted 600 Greens fees (personal and with clients) 700 Meals (personal) 250 Total $4,050 Calculate the portion of the $4,050 that Milly can deduct.
Milly operates a small business and incurs the following expenses: Annual dues Tampa Bay Golf Club $2,000 Meals with clients after golf 500 Meals with clients at the Club's dining room where business was conducted 600 Greens fees (personal and with clients) 700 Meals (personal) 250 Total $4,050 Calculate the portion of the $4,050 that Milly can deduct.
Chapter4: Additional Income And The Qualified Business Income Deduction
Section: Chapter Questions
Problem 9P
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