Learning Objectives Distinguish between deductions for and from AGl Discuss the criteria for deducting business and investment List the substantiation requirements for deducting travel and entertainment expenses Explain the timing of deductions under both the cash and accrual methodsLearning Objectives • Distinguish between deductions for and from AGI • Discuss the criteria for deducting business and investment • List the substantiation requirements for deducting travel and entertainment expenses • Explain the timing of deductions under both the cash and accrual methods