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What is the total amount of linda deductible expenses

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Reference no: EM133157532

Question - Linda is? self-employed and incurs $4,320 of? business-related travel and entertainment expenses during 2020 in which she was away from home overnight. These business expenses include the? following:

Data table

Airfare $1,800

Taxi fare 150

Meals eaten alone while away from home on business 540

Laundry 80

Lodging 750

Business meals with customers at which business is discussed 200

Entertainment of customers 800

Total $4,320

Linda also pays $1,500 of investment counseling fees and $250 of tax return preparation fees in the current year.

Required -

a. What is the total amount of Linda's deductible expenses for 2020??

b. Are the deductible expenses classified as for AGI or from AGI?

Reference no: EM133157532

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