safcpa
Level 3
04-03-2021
03:23 PM
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sjrcpa
Level 15
04-03-2021
03:44 PM
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Only for accounting income purposes, not as a tax deduction.
The more I know the more I don’t know.
BobKamman
Level 15
04-03-2021
03:52 PM
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Depends on the facts and circumstances
Strongsilence-C PA
Level 10
04-03-2021
04:25 PM
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California allows 2% deductions.
sjrcpa
Level 15
04-03-2021
04:36 PM
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My answer was for federal. CA is different. NY, too.
The more I know the more I don’t know.