Deducting the travel expenses for the trip


Harry, a self-employed accountant, travels from Kansas City to Miami for a 1-week business trip. While in Miami, Harry decides to stay for an additional 5 days of vacation. Harry pays $600 for airfare, $200 for meals, and $500 for lodging while on business. The cost of meals and lodging while on vacation was $300 and $500, respectively. How much may Harry deduct as travel expenses for the trip?

a. $600

b. $2,100

c. $1,200

d. $1,260

e. None of these choices are correct.

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Accounting Basics: Deducting the travel expenses for the trip
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