Marybeth is employed as an accountant for a large firm in San Diego. During 2016, she paid
Question:
Marybeth is employed as an accountant for a large firm in San Diego. During 2016, she paid the following miscellaneous expenses:
Unreimbursed employee business expenses ..................$520
AICPA dues ....................................................... 400
Investment journal subscriptions ............................... 175
Student loan interest ............................................. 450
Job-hunting expenses within the same profession............ 200
Marybeth plans to itemize her deductions in 2016 because she purchased a home this year and has mortgage interest expense; what amount could she claim as miscellaneous itemized deductions before the AGI limitations?
Step by Step Answer:
Fundamentals Of Taxation 2017
ISBN: 9781259752735
10th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone