For or From AGI Deductions. Roberta is an accountant employed by a local firm. D

Question

For or From AGI Deductions. Roberta is an accountant employed by a local firm. During the year, Roberta incurs the following unreimbursed expenses:

Travel to client locations $750
Subscriptions to professional journals 215
Taking potential clients to lunch 400
Photocopying 60

a. Identify which of these expenses are deductible and the amount that is deductible.
Indicate whether they are deductible for or from AGI.
b. Would the answers to Part "A" change if the accounting firm reimburses Roberta for these expenses?

Explanation / Answer

a. $1225. all are deductible, meals are 50%. they are unreimbursed employee business expenses subject to 2% of AGI floor. they go on schedule A and are from AGI. b. Deductible only if the reimbursements were included in her income. c. $1225. all are deductible, meals 50%. they would go on schedule c and would be for AGI.

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