In 2019, which of the following miscellaneous deductions are not subject to the 2 percent of adjusted gross income limitation and remain deductible?
A)Unreimbursed employee business expenses
B)Investment expenses
C)Unrecovered annuity costs at death
D)Union dues
E)None of these

Question

Quizplus · Accepted Answer

The Tax Cuts and Jobs Act of 2017 removed the miscellaneous itemized deduction subject to the 2 percent of adjusted gross income limitation. As a result, choices A, B, and D are no longer deductible. However, unrecovered annuity costs at death (Choice C) are not subject to the 2 percent AGI limitation and remain deductible.

In 2019, Which of the Following Miscellaneous Deductions Are Not