Question: Brain files a single tax return and decides to itemize his deductions. Bobs income for the year consists of $75000 of salary, $3000 long term
Brain files a single tax return and decides to itemize his deductions. Bobs income for the year consists of $75000 of salary, $3000 long term capital gain and $1500 interst income. Bobs expenses for the year consists of $800 investment advice fees, $700 unreimbursed employee business expenses ( a miscellaneous) and $250 tax return preparation fees. What is Bobs actual deduction for miscellaneous itemized deductions
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