Question

Rita, a self-employed CPA, incurred the following expenses during the year:

Transportation expenses for business trip                                                      $3,000

Registration fees for business conference                                                           700

Business-related meals                                                                                        700

Country club dues (used 60% for business)                                                     4,000

Local meals eaten alone during regular business hours after visiting client      400

Professional society dues                                                                                     300

What is Rita's deduction for the year with respect to the above expenses and where will she deduct these expenses on her tax return? Assume Rita maintains all appropriate documentation.

Answer 1

Particular	amount
Transportation expenses for business trip	$3000
Registration fees for business conference	$700
Business-related meals	$700
Professional society dues	$300
Net miscellaneous itemized deductions	$4700