Which of the following is a true statement?
A) Fees for investment advice are included in miscellaneous itemized deductions subject to the 2 percent of AGI limitation.
B) Unreimbursed employee business expenses are included in miscellaneous itemized deductions subject to the 2 percent of AGI limitation.
C) Fees for tax preparation are included in miscellaneous itemized deductions subject to the 2 percent of AGI limitation.
D) Reimbursed employee business expenses are included in miscellaneous itemized deductions subject to the 2 percent of AGI limitation unless the employer's reimbursement plan qualifies as an accountable plan.
E) All of the above are true.

Question

Quizplus · Accepted Answer

Employee business expenses reimbursed via an accountable plan are not deducted and the reimbursement is excluded from gross income.

Which of the Following Is a True Statement