Ed Is a Self-Employed Heart Surgeon Who Lives in Michigan

question 12

Multiple Choice

Ed is a self-employed heart surgeon who lives in Michigan and has incurred the following reasonable expenses. How much can Ed deduct? $1,000 in airfare to repair investment rental property in Colorado.
$500 in meals while attending a medical convention in New York.
$300 for tuition for an investment seminar, "How to pick stocks."
$100 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day.
The correct answer is _____.

• A)$1,250 "for AGI"
• B)$1,300 "for AGI" and $300 "from AGI"
• C)$480 "for AGI"
• D)$80 "for AGI" and $1,300 "from AGI"
• E)None of the choices are correct.

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