Which of the following is not deductible?
A)Moving expenses in excess of reimbursement.
B)Tax return preparation fees of an individual.
C)Expenses incurred associated with investments in stocks and bonds.
D)Allowable hobby expenses in excess of hobby income.
E)None of these.

Question

Quizplus · Accepted Answer

Moving expenses (§ 217);tax return preparation fee (§ 212);and expenses incurred for the production of income (§ 212)are deductible.The hobby expenses in excess of the hobby income cannot be deducted.

Which of the Following Is Not Deductible