Unformatted text preview: she took her husband?
Incremental costs for him aren't deductible unless she has a
legitimate business purpose for having him there. Hotel costs
would be deductible at single rate (if different from doubleoccupancy rate). Continued on next Page>>>>>>
3 Burkett – Tax I - Chapter 6 Assume Theresa was an employee instead of self employed?
Form 2106 Reimbursed expenses:
Meals? ER would take 50% deduction Other allowed expenses? Reimbursed expenses = no deduction Unreimbursed expenses: Form 2106
She would reduce meals by 50% and put it on Form 2106.
That form flows to Sch A as ID subject to 2% of AGI floor. Other allowed expenses?
Form 2106 flows to Sch A as ID subject to 2% of AGI floor. 4...
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- Fall '11
- Personal Finance, Expense, Taxation in the United States, self employed