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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 floor
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 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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