Grace is a single medical student at State University,a qualified educational institution.This year Grace paid university tuition of $12,000.Grace works part-time at the University library,and this year she reports $15,000 of salary and no other items of income or expense.Which of the following is a true statement?
A)Grace can deduct all of her tuition for AGI as a business expense.
B)Grace can deduct all of her tuition as a miscellaneous itemized deduction.
C)Grace can only deduct half of her tuition for AGI as a business expense.
D)Grace can only deduct half of her tuition as a miscellaneous itemized deduction.
E)All of these are falsE.Educational expenses cannot be deducted as a business expense if they are required for a new profession (which is always the case for medical school) .

Question

Quizplus · Accepted Answer

As mentioned in the last sentence of the question, educational expenses for a new profession cannot be deducted as a business expense. Additionally, miscellaneous itemized deductions, which would include tuition, are no longer deductible as of 2018. Therefore, none of the options A through D are true.

Grace Is a Single Medical Student at State University,a Qualified