CPA Jetter is a self-employed accountant and is required to take a week of continuing accounting and ethics education every year to maintain his license. This year he paid $950 in course fees for his continuing accounting and ethics education in a different city. He also paid $450 for airfare and a hotel room and paid $356 for meals. He also took a realtor seminar which cost $325 during the stay. What is the total amount he can deduct on his Schedule C related to these expenses? Explain your answer
CPA Jetter is a self-employed accountant and is required to take a week of continuing accounting and ethics education every year to maintain his license. This year he paid $950 in course fees for his continuing accounting and ethics education in a different city. He also paid $450 for airfare and a hotel room and paid $356 for meals. He also took a realtor seminar which cost $325 during the stay. What is the total amount he can deduct on his Schedule C related to these expenses? Explain your answer
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter11: Individuals As Employees And Proprietors
Section: Chapter Questions
Problem 4CE
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Transcribed Image Text:CPA Jetter is a self-employed accountant and is required to take a week of continuing accounting and ethics
education every year to maintain his license. This year he paid $950 in course fees for his continuing accounting
and ethics education in a different city. He also paid $450 for airfare and a hotel room and paid $356 for meals.
He also took a realtor seminar which cost $325 during the stay. What is the total amount he can deduct on his
Schedule C related to these expenses? Explain your answer
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