Which of the following statements is true based on the Pease limitation implemented by TCJA? a) Upon
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Question:
Which of the following statements is true based on the Pease limitation implemented by TCJA?
a) Upon the implementation of the TCJA, specific itemized deductions became exempt from the Pease limitation.
b) The Pease limitation was permanently suspended by the TCJA after December 31, 2017.
c) The Pease limitation was suspended by the implementation of the TCJA after December 31, 2017, through December 31, 2025.
d) Under the TCJA high-income taxpayers are subject to Pease limitations.
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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