1.10 Standard and Itemized Deductions

Question 1

Expenses subject to the _____% AGI floor include unreimbursed business expenses of an employee, investment expenses, and tax preparation and attorney fees. The other items are all itemized deductions not subject to the ___% of AGI floor.

Answer 1

2%

Question 2

Property insurance premiums are OR are not deductible unless in connection with business property.

Answer 2

Are NOT