Which of the following is a miscellaneous itemized deduction that is not subject to the 2 percent of AGI floor?
A) gambling losses to the extent of gambling winnings
B) fees for investment advice
C) employee business expenses
D) tax preparation fees
E) All of these are subject to the 2 percent of AGI floor limit.

Question

Quizplus · Accepted Answer

Gambling losses to the extent of gambling winnings are not subject to the 2 percent of AGI floor. All other options, including investment advice fees, employee business expenses, and tax preparation fees, are subject to the 2 percent of AGI floor limit.

Which of the Following Is a Miscellaneous Itemized Deduction That