JABoa writes (in part):So here's what I think. I think your expenses are deductible up to the extent of your winnings. I think your reimbursed expenses (such as a plane ticket or hotel bill they pick up) are neither income nor deductible, since it's a wash.I reply:Thanks, JABoa and Phil, for taking a look at this question. Two follow-ups: First, are my expenses miscellaneous deductions subject to the 2% floor? This will clearly matter even if I don't win any cash, because the show will, right or wrong, issue a 1099 for the value of the hotel room, plane fare, and per diem. Second, can I deduct driving mileage and meals? Thanks again! --Bob
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra