Are any of the following expenditures deductible on an individual taxpayer's income tax return? Explain each item.

Transcribed Image Text:

Expenditure Cost of having income tax return prepared by a CPA Legal fee for divorce proceeding of which 20 percent related to tax planning advice Lost wages for time missed from work while having income tax return prepared Legal fee for estate planning advice of which 35 percent related to tax planning advice Cost of having federal gift tax return prepared by a CPA Total expenditures Amount $100 3,000 250 900 100 $4,350