Hortencia is employed as an accountant for a large firm in San Diego. During 2017, she paid

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Hortencia is employed as an accountant for a large firm in San Diego. During 2017, 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


Hortencia plans to itemize her deductions in 2017 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?

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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