Which of the following items would be miscellaneous deductions, on Schedule A of
ID: 2432217 • Letter: W
Question
Which of the following items would be miscellaneous deductions, on Schedule A of Form 1040, if they exceed 2 percent of AGI?
Uniforms purchased by an employee for her job and not suitable for normal street wear.
Gambling losses (up to the amount of gambling winnings).
Medical Expenses.
Deductible moving expenses of an employee.
None of the above.
a.Uniforms purchased by an employee for her job and not suitable for normal street wear.
b.Gambling losses (up to the amount of gambling winnings).
c.Medical Expenses.
d.Deductible moving expenses of an employee.
e.None of the above.
Explanation / Answer
Ans Medical Expenses.
Medical Expenses would be miscellaneous deductions, on Schedule A of Form 1040, if they exceed 2 percent of AGI.
Other dedeuctions are: rent, prizes and awards, crop insurance payments etc