16. Which of the following miscellaneous itemized deductions is not subject to t
ID: 2566466 • Letter: 1
Question
16. Which of the following miscellaneous itemized deductions is not subject to the 2% AGI floor? a. Impairment-related work expenses b. Safety equipment used on the job c. Job-hunting expenses d. Tax preparation fees e. All of the above are itemized deductions subject to the 2% AGI floor16. Which of the following miscellaneous itemized deductions is not subject to the 2% AGI floor? a. Impairment-related work expenses b. Safety equipment used on the job c. Job-hunting expenses d. Tax preparation fees e. All of the above are itemized deductions subject to the 2% AGI floor
a. Impairment-related work expenses b. Safety equipment used on the job c. Job-hunting expenses d. Tax preparation fees a. Impairment-related work expenses b. Safety equipment used on the job c. Job-hunting expenses d. Tax preparation fees e. All of the above are itemized deductions subject to the 2% AGI floor
Explanation / Answer
The Answer is "A. Impairment related work expenses. "
List of Deductions :-
Amortizable premium on taxable bonds.
Impairment-related work expenses of persons with disabilities.
Federal estate tax on income in respect of a decedent.
Gambling losses up to the amount of gambling winnings.
Casualty and theft losses from income-producing property.
Loss from other activities from Schedule K-1 (Form 1065-B), box 2.
Losses from Ponzi-type investment schemes.
Repayments of more than $3,000 under a claim of right.
Unrecovered investment in an annuity.
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