Hortencia is employed as an accountant for a large firm in San Diego. During 2017, she paid
Question:
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?
Step by Step Answer:
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler