Which of the following is a miscellaneous itemized deduction that is not subject to the 2 percent of AGI floor?
A) fees for investment advice.
B) employee business expenses.
C) gambling losses to the extent of gambling winnings.
D) tax preparation fees.
E) All of the choices are subject to the 2 percent of AGI floor limit.

Question

Quizplus · Accepted Answer

Gambling losses to the extent of gambling winnings are a miscellaneous itemized deduction but are not subject to the 2 percent of AGI floor.

Which of the Following Is a Miscellaneous Itemized Deduction That