[Anonymous]

I’ve seen this phrase quite a few times and just want some clarification as to what it means.

For example, my book says travel expenses are deductible for AGI if incurred in a trade or business but deductible from AGI if un-reimbursed to an employee.

Does un-reimbursed to an employee mean the expenses are paid directly by the business versus the employee paying for the expenses and then being reimbursed later?

Thanks in advance.

[Anonymous]

That's why I said it is “technically” correct but it leads to confusion, since Gross Income items are very different from Adjusted Gross Income items. You are right, travel expenses for self employment are a Schedule C item, but I believe the “travel expenses for AGI” referred to in the OP are actually moving expenses, which are an adjustment and have nothing to do with Schedule C. If you were self-employed and moved, you cannot have any “moving expenses.”

[LaxCPA]

I understand what you are saying but I don't understand how you are getting moving expenses from travel expenses incurred in a trade or business.

[LaxCPA]

I understand what you are saying but I don't understand how you are getting moving expenses from travel expenses incurred in a trade or business.

[Author]

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