Entertainment expense deduction

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Martha, a CPA, John, an attorney, Alan, a realtor, and Ivana, a Physician, maintain private practices in the same business community. During the year, they get together for lunch at least once a week. They take turns paying for the group's lunch. Since they all do business with each other, each claims an entertainment expense deduction for the amount he or she paid for the lunches. Evaluate this practice.

Reference no: EM13259075

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