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Which of the following is a true statement about travel that has both business and personal aspects?A. Transportation costs are always fully deductible.B. Meals are not deductible for this type of travel.C. Only half of the cost of meals and transportation is deductible.D. The cost of lodging, and incidental expenditures is limited to those incurred during the business portion of the travel.E. None of these.

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Answer:

D. The cost of lodging, and incidental expenditures is limited to those incurred during the business portion of the travel.

Explanation:

When the travel has both business and personal aspects, the deductibility of the transportation costs depends upon whether business is the primary purpose of a trip. If it is for business the transportation costs are fully deductible, but meals only deductible to 50%.

Lodging and incidental expenditures are limited to those incurred during the business portion of travel.

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