Ed is a self-employed heart surgeon who has incurred the following reasonable expenses. How much can Ed deduct? $1,000 in airfare to repair investment rental property in Colorado. $500 in meals while attending a medical convention in New York. $300 for tuition for an investment seminar "How to pick stocks." $100 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day. The correct answer is _________.
A. $1,300 "for AGI"
B. $1,300 "for AGI" and $300 "from AGI"
C. $480 "for AGI"
D. $80 "for AGI" and $1,300 "from AGI"
E. None of these
Ans: A. $1,300 "for AGI"
Business
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