Alissa and fred are married file jointly with taxable income of 100k. The pay 10k per year for daycare for their 4 kids who are all under age 13. What can they claim on their tax return for the daycare?

A they can deduct the 10 k as a medical expense subject to the 10% threshold

B they can deduct the 10k as a miscellaneous itemized deduction subject to the 2% threshold

C they can claim a 10k credit

D they can claim a 6k credit

E they can claim a 1200 credit

Chris and Christie are married file jointly they own a rental property which they manage the rental income was 50k but expenses including depreciation will total 75k in 2015. If their AGI is 130k how much of the rental loss can they deduct

A 5k

B 10k

C 20k

D 25k

E none in 2015 the loss gets suspended