With respect to foreign travel: A. All transportation costs are considered nondeductible personal expenses unless the...
With respect to foreign travel:
A. All transportation costs are considered nondeductible personal expenses unless the trip is exclusively devoted to business
b. transportation costs must always be allocated between business (deductible ) and personal (nondeductible) based on the number of business days divided by the total days spent on the trip,without exception
c. transportation costs are always % deductible as long as the principal purpose of the trip is for business .
d. transportation costs are % deducible if either the One -Week Loophole or the 25% Loophole applies otherwise the costs generally must be allocated between business (deductible ) and personal (nondeductible )
Homework Answers
With respect to foreign travel:
d. transportation costs are 100% deducible if either the One -Week Loophole or the 25% Loophole applies otherwise the costs generally must be allocated between business (deductible ) and personal (non-deductible).
Add Answer to:
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