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What is the correct amount that can be deducted

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Reference no: EM132744403

A taxpayer is claiming tax preparation expense as a legal and professional fee. They paid $430 at your office last year. The forms breakdown by cost is as follows:

Form 1040- $100
Form Sch. C- $125
Form SE- $55
Form 8867- $75
Form 8863- $75

Problem 1: What is the correct amount that can be deducted on their Schedule C for the current year?

Choose one answer.

a. $280

b. $180

c. $355

d. $430

Reference no: EM132744403

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