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 the above.

Question

Quizplus · Accepted Answer

Allowable hobby expenses are only deductible up to the amount of hobby income; any excess is not deductible.

Which of the Following Is Not Deductible