Which of the following miscellaneous expenses is deductible?
A)Unreimbursed employee business expenses.
B)Job-hunting expenses.
C)Union dues.
D)Losses from Ponzi-type investment schemes.
E)All of these expenses are miscellaneous itemized deductions.

Question

Quizplus · Accepted Answer

Losses from Ponzi-type investment schemes are deductible as theft losses, not as miscellaneous itemized deductions. This makes them distinct from the other options, which, under tax law changes such as the Tax Cuts and Jobs Act of 2017, are generally not deductible.

Which of the Following Miscellaneous Expenses Is Deductible