Which of the following is a true statement?
A) Business deductions are one of the most common deductions for AGI but they are not readily visible on the front of Form 1040.
B) Unreimbursed employee business expenses are deductible as miscellaneous itemized deductions.
C) With one exception, investment expenses are deductible as itemized deductions.
D) The distinction between business and investment expenses is critical for determining whether a deduction is claimed above the line (for AGI) or below the line (itemized) .
E) All of the choices are true.
Correct Answer:
Verified
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