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Strategies & Market Trends : AIM Questions and Answers -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (88)	10/24/1999 5:05:00 PM
From: Gary	Read Replies (1) \| Respond to of 221

Regarding the question as to whether a meeting of thread participants would be tax deductible, the answer is unfortunately no. Investment related seminars were disallowed as a deduction a few years ago. Even under the old rule there would be allocations between business and personal and then the deduction would only be allowed to those that itemize. It was also deducted as a miscellaneous expense subject to reduction by 2% of AGI. Regards, Gary