Question: Stanley's total itemized deductions, otherwise allowable, have been subject to 68. on his 2023 tax return, since he is married filing jointly with an agi
Stanley's total itemized deductions, otherwise allowable, have been subject to 68. on his 2023 tax return, since he is married filing jointly with an agi of $330,000, how would the 68 limitation on his total itemized deductions be applied: A. his deductions would be subject to phase out and reduction. B. he would still take a partial deduction. C. his deductions must be amortized over five years. D. there would be no 68 limitation because of the TCJA suspension
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