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Which of the following is a true statement? A. The deduction for interest on educational loans is subject to a phase-out limitation. The deduction for

Which of the following is a true statement?

A.

  • The deduction for interest on educational loans is subject to a phase-out limitation.

  • The deduction for moving expenses is subject to a phase-out limitation.

  • Self-employed taxpayers are allowed to deduct health care premiums even if the taxpayer is eligible to participate in an employer-provided health plan.
  • Excess business losses are deductible up to $100,000
  • All are false

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