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6. Which of the following were changed by the 2017 Tax Act (yes or no) a. Deductibility of gambling losses limited to gambling income b.
6. Which of the following were changed by the 2017 Tax Act (yes or no) a. Deductibility of gambling losses limited to gambling income b. Deduction of unreimbursed employee business expenses C. Deduction of hobby related expenses d. Rental income exclusion if rental days were less than 15 days e. Capital Gain rates f. Deductibility of Home Equity Loan interest if borrowings are used to fund a trade or business g. Basis rules for gifts where the Fair Market Value is less than donor cost basis h. 20% deduction for Qualified Business Income i. AGI phase out level for claiming child credits j. Amount of state taxes that are deductible if itemizing 6. Which of the following were changed by the 2017 Tax Act (yes or no) a. Deductibility of gambling losses limited to gambling income b. Deduction of unreimbursed employee business expenses C. Deduction of hobby related expenses d. Rental income exclusion if rental days were less than 15 days e. Capital Gain rates f. Deductibility of Home Equity Loan interest if borrowings are used to fund a trade or business g. Basis rules for gifts where the Fair Market Value is less than donor cost basis h. 20% deduction for Qualified Business Income i. AGI phase out level for claiming child credits j. Amount of state taxes that are deductible if itemizing
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