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3. Deductions. (Obj. 3) Use the knowledge you have acquired from Chapters 1 throuek identify each of the following expenditures as (A) deductible for AGI,

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3. Deductions. (Obj. 3) Use the knowledge you have acquired from Chapters 1 throuek identify each of the following expenditures as (A) deductible for AGI, (B) deduci AGI, or (C) not deductible. Ignore any AGI limitations. a. Loss on sale of stock held as an investment b. Interest on loan to pay for family vacation c. Statutory employee's travel expenses d. Depreciation on rental property e. Charitable contributions to a university f. Sole proprietor's cost for continuing education seminar g. Storm damage to rental property

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