Question
Someone incurred following expenses tax return prep fee of $600 moving expenses of $2,000 allowable hobby expenses $500 interest payment on qualified student loan $1500
Someone incurred following expenses
tax return prep fee of $600
moving expenses of $2,000
allowable hobby expenses $500
interest payment on qualified student loan $1500
interest expense associated with loan to finance tax exempt bonds $400
CALCULATE THE AMOUNT THAT CORY CAN DEDUCT FOR AGI AND FROM AGI BEFORE ANY PERCENTAGE LIMITATIONS.
The answer to this would be for AGI - $1500 and from AGI- $500 , how is this correct?
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International Financial Reporting Standards ImplementationA Global Experience
Authors: Mohammad Nurunnabi
1st Edition
1801174415, 9781801174411
