Problem 9-28 (LO. 3) Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows: Thursday Depart for and arrive in Lisbon Friday Business transacted Saturday and Sunday Vacationing Monday through Friday Business transacted Saturday and Sunday Vacationing Monday Business transacted Tuesday Depart Lisbon and return to office in Boston a. For tax purposes, how many days has Monica spent on business? fill in the blank eb5481f5e076ff3_1 days b. What difference does it make? If Monica's trip satisfies the test or the % test, then her transportation costs be allocated between business and personal. c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits? Monica satisfy the test. Under the test, she could have vacationed for fill in the blank 32b9a3f6ff97fd8_4 more days assuming that the days did not interfere with the preceding and succeeding days provision.
Problem 9-28 (LO. 3) Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows: Thursday Depart for and arrive in Lisbon Friday Business transacted Saturday and Sunday Vacationing Monday through Friday Business transacted Saturday and Sunday Vacationing Monday Business transacted Tuesday Depart Lisbon and return to office in Boston a. For tax purposes, how many days has Monica spent on business? fill in the blank eb5481f5e076ff3_1 days b. What difference does it make? If Monica's trip satisfies the test or the % test, then her transportation costs be allocated between business and personal. c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits? Monica satisfy the test. Under the test, she could have vacationed for fill in the blank 32b9a3f6ff97fd8_4 more days assuming that the days did not interfere with the preceding and succeeding days provision.
Chapter9: Deductions: Employee And Self-employed-related Expenses
Section: Chapter Questions
Problem 29P
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Problem 9-28 (LO. 3)
Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows:
Thursday Depart for and arrive in Lisbon Friday Business transacted Saturday and Sunday Vacationing Monday through Friday Business transacted Saturday and Sunday Vacationing Monday Business transacted Tuesday Depart Lisbon and return to office in Boston a. For tax purposes, how many days has Monica spent on business?
fill in the blank eb5481f5e076ff3_1 daysb. What difference does it make?
If Monica's trip satisfies the test or the % test, then her transportation costs be allocated between business and personal.
c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits?
Monica satisfy the test. Under the test, she could have vacationed for fill in the blank 32b9a3f6ff97fd8_4 more days assuming that the days did not interfere with the preceding and succeeding days provision.
Transcribed Image Text:a. For tax purposes, how many days has Monica spent on business?
days
b. What difference does it make?
If Monica's trip satisfies the
test or the
% test, then her transportation costs
be allocated between business and personal.
c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits?
Monica
satisfy the
test. Under the
test, she could have vacationed for
more days assuming that the days did not interfere with the preceding and succeeding days provision.
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