Question

For or From AGI Deductions. Roberta is a self-employed accountant. During the year, Roberta incurs the following unreimbursed expenses: Item

Travel to client locations$750

Subscriptions to professional journals $215

Taking potential clients to lunch $400

Photocopying $60

Amount $1,425

Identify which of these expenses are deductible and the amount that is deductible by Roberta. Indicate whether they are deductible for or from AGI.

Answer 1

Item	Deductible/Non Deductible	Percentage	Amount Deductible	For or From AGI
Travel to client locations	Deductible	100%	$750	For AGI
Subscriptions to professional journals **	Deductible	100%	$215	For AGI
Taking potential clients to lunch	Deductible	50%	$200	For AGI
Photocopying	Deductible	100%	$60	For AGI

** Subscription to professional journals are deductible expense only if purchased for business. In the given case, Roberta is a self-employed accountant and therefore subscription to professional journal qualifies as a deductible expense.