John is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction with his business. Which is not deductible in any amount?

1. Dinner with a potential client where the client's business was discussed.
2. A trip to Houston to negotiate a contract.
3. A seminar in Houston on new developments in the software industry.
4. A trip to New York to visit a school chum who is also interested in computers.
A. 1 only.
B. 2 only.
C. 3 only.
D. 4 only.
E. None of these.

Ans: D. 4 only.

Business

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