qbteachmt
Level 15
3 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It's all about perspective. Don't overlook this part: "and the loss was only 7,300"
In other words, the taxpayer paid 7,300 for entertainment. That isn't a taxable event. The entire process needs to be evaluated, and then you correct your wording, to better understand this process.
*******************************
"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.