Needing continuing education hours to renew your CPA license, you, a sensible person, decide to combine business and pleasure. So you find a tax conference in Miami and buy a round-trip ticket for $400. The conference is Tuesday-Friday. Bright and early on Saturday morning you hop into your rental car and drive down the “Overseas Highway” to Key West, where you party and stay over. On Sunday afternoon you reluctantly return to Miami and fly home. How much, if any, of your airfare is deductible, and why?
Needing continuing education hours to renew your CPA license, you, a sensible person, decide to combine business and pleasure. So you find a tax conference in Miami and buy a round-trip ticket for $400. The conference is Tuesday-Friday. Bright and early on Saturday morning you hop into your rental car and drive down the “Overseas Highway” to Key West, where you party and stay over. On Sunday afternoon you reluctantly return to Miami and fly home. How much, if any, of your airfare is deductible, and why?
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 28P
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Needing continuing education hours to renew your CPA license, you, a sensible person, decide to combine business and pleasure. So you find a tax conference in Miami and buy a round-trip ticket for $400. The conference is Tuesday-Friday. Bright and early on Saturday morning you hop into your rental car and drive down the “Overseas Highway” to Key West, where you party and stay over. On Sunday afternoon you reluctantly return to Miami and fly home.
How much, if any, of your airfare is deductible, and why?
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