Question

Nick Lee is a linebacker for the Baltimore Ravens (a professional football club). During the football season he rents an apartment in a Baltimore suburb. The rest of the time he lives with his family in Ann Arbor (MI) and works at a local bank as a vice president in charge of public relations. Can Nick deduct his expenses while away from Ann Arbor? Explain.

Answer 1

ANSWER:

Summarized the information provided in the question., Nick Lee is a linebacker for the Baltimore Ravens - - - -

# As per IRS a person is entitled to deduct rental payment in the year in which he has paid it.

# In given case since Mr. Baltimore rents apartment only for football season so he will be entitled to deduct rental payment only for the period for which he pays rent & in the year in which he pays rent.

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