Which, if any, of the following expenses is subject to the 2%-of-AGI floor?
A)Gambling losses (to the extent of gambling gains).
B)Moving expenses (not reimbursed by employer).
C)Teaching supplies (in excess of $250) purchased by a fifth grade teacher.
D)Union dues of self-employed machinist.
E)None of these.

Question

Quizplus · Accepted Answer

Teaching supplies purchased by a teacher are considered unreimbursed employee expenses, which are subject to the 2%-of-AGI floor for miscellaneous itemized deductions.

Which, If Any, of the Following Expenses Is Subject to the 2%-Of-AGI