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