10. Job Search Expenses. (Obi, 2) During the year, Kris spends $1,700 on qualifi

Question

10. Job Search Expenses. (Obi, 2) During the year, Kris spends $1,700 on qualified job se expenses in his pursuit of a job as a manager. a. Can Kris deduct the $1,700 if he is currently employed as a manager and as a resaul as a result of his efforts, he finds a new managerial position? Where would he report his deduction b. Same as in Part a. except that Kris's efforts are unsuccessful. Same as in Part a., except that Kris is not currently employed as a manager. c. Same as in Part a. except that Kris is not currently employed as a manager and his are unsuccessful. d. effors

Explanation / Answer

ans a Yes is deductible under schedule A Itemwize deduction ans b Yes is deductible under schedule A Itemwize deduction in case unsucessful also ans c No its is not deductible as he is not currently employed as a manager. For claiming deduction he should be currectly employed for that occupation ans d No its is not deductible as he is not currently employed as a manager. If any doubt please comment

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