Which of the following items would be an itemized deduction on Schedule A of Form 1040?
A) Professional dues paid by an accountant (employed by Ford Motor Co.) to the National Association of Accountants.
B) Gambling losses to the extent of gambling winnings.
C) Job hunting costs.
D) Subscription to the Wall Street Journal.
E) None of the above.

Question

Quizplus · Accepted Answer

Gambling losses to the extent of gambling winnings are considered an itemized deduction on Schedule A of Form 1040. Choices A, C, and D are not deductible as itemized deductions.

Which of the Following Items Would Be an Itemized Deduction