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Todd Packer is a self-employed traveling paper salesman. This coming November, he will be taking a...

Todd Packer is a self-employed traveling paper salesman. This coming November, he will be taking a trip to Hawaii for both a vacation as well as to take one business meeting while on the trip. Discuss whether any of the expenses that Todd incurs for this trip are deductible and whether any limitations on deductibility will apply.

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Answer #1

Yes if Todd incurs some expenses for the trip below expenses will be deductible as he is a self employed travelling salesman.

Travel expenses for traveling away from your business home if you are required to be away from home for longer than an ordinary day's work - examples of deductible travel expenses include transportation by air, bus, or car using the standard mileage rate or actual expenses, tolls and parking fees, lodging, and meals and entertainment (with limitations) as per the expenses actually incurred.

Yes limitations will be applicable.

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