Ask Question
13 January, 06:51

Meal and Entertainment Expenses. Milt, a self-employed attorney, incurs the following expenses in 2019: Business lunches for clients and prospective clients Entertainment of professional associates in his home (immediately following business meetings) Country club dues (the club is used exclusively for business) Total I:7-49 $4,000 2,000 2,500 $8,500 Which of the expenditures listed above (if any) are deductible in 2019 by Milt?

+5
Answers (1)
  1. 13 January, 07:30
    0
    Answer: Deductibles

    1. Business lunches for clients and prospective clients will be deductible since its directly related to the businesses.

    2. Country club dues will be deductible for it's exclusive to the business.

    The entertainment for professional associate will not be deductible since it's not exclusive for the busines
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Meal and Entertainment Expenses. Milt, a self-employed attorney, incurs the following expenses in 2019: Business lunches for clients and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers