In June 2023, Enrique and Denisse Espinosa traveled to Denver to attend a three-day conference sponsored by the American Society of Implant Dentistry. Denisse, a self-employed practicing oral surgeon, participated in scheduled technical sessions dealing with the latest developments in surgical procedures. On two days, Enrique attended group meetings where various aspects of family tax planning were discussed. On the other day, he went sightseeing. Enrique does not work for his wife, but he prepares their tax returns and handles the family investments. Expenses incurred in connection with the conference are summarized below. Airfare (two tickets) Lodging (single and double occupancy are the same rate-$295 each day) Meals at local restaurants ($250 x 3 days)* Conference registration fee (includes $120 for Family Tax Planning sessions) Car rental *Split equally between Enrique and Denisse Espinosa. $2,200 885 750 500 305 If an amount is zero, enter "0". If required, round your interim calculations to nearest dollar. How much, if any, of these expenses can the Espinosas deduct? Enrique's activities expenses. Denisse's deductible expenses are: Airfare (one ticket) Lodging constitute a trade or business. Therefore, he can deduct $ of his
In June 2023, Enrique and Denisse Espinosa traveled to Denver to attend a three-day conference sponsored by the American Society of Implant Dentistry. Denisse, a self-employed practicing oral surgeon, participated in scheduled technical sessions dealing with the latest developments in surgical procedures. On two days, Enrique attended group meetings where various aspects of family tax planning were discussed. On the other day, he went sightseeing. Enrique does not work for his wife, but he prepares their tax returns and handles the family investments. Expenses incurred in connection with the conference are summarized below. Airfare (two tickets) Lodging (single and double occupancy are the same rate-$295 each day) Meals at local restaurants ($250 x 3 days)* Conference registration fee (includes $120 for Family Tax Planning sessions) Car rental *Split equally between Enrique and Denisse Espinosa. $2,200 885 750 500 305 If an amount is zero, enter "0". If required, round your interim calculations to nearest dollar. How much, if any, of these expenses can the Espinosas deduct? Enrique's activities expenses. Denisse's deductible expenses are: Airfare (one ticket) Lodging constitute a trade or business. Therefore, he can deduct $ of his
Chapter6: Business Expenses
Section: Chapter Questions
Problem 33P
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Transcribed Image Text:In June 2023, Enrique and Denisse Espinosa traveled to Denver to attend a three-day conference sponsored by the American
Society of Implant Dentistry. Denisse, a self-employed practicing oral surgeon, participated in scheduled technical sessions
dealing with the latest developments in surgical procedures. On two days, Enrique attended group meetings where various
aspects of family tax planning were discussed. On the other day, he went sightseeing. Enrique does not work for his wife, but he
prepares their tax returns and handles the family investments. Expenses incurred in connection with the conference are
summarized below.
Airfare (two tickets)
$2,200
Lodging (single and double occupancy are the same rate-$295 each day)
885
750
500
305
Meals at local restaurants ($250 x 3 days)*
Conference registration fee (includes $120 for Family Tax Planning sessions)
Car rental
*Split equally between Enrique and Denisse Espinosa.
If an amount is zero, enter "0". If required, round your interim calculations to nearest dollar.
How much, if any, of these expenses can the Espinosas deduct?
Enrique's activities
expenses.
Denisse's deductible expenses are:
Airfare (one ticket)
Lodging
13
constitute a trade or business. Therefore, he can deduct $
of his
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