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EA Individuals > Itemized Vs Above Line Vs Nondeductible > Flashcards

Itemized Vs Above Line Vs Nondeductible Flashcards

1
Q

Expense of treatment centers – alcohol, drug related, smoking cessation

A

Itemized deduction on schedule a

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2
Q

Personal theft losses

A

Nondeductible

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3
Q

Expenses related to attending a stockholders meeting

A

Nondeductible

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4
Q

Donating a vehicle

A

Itemized deduction

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5
Q

Repairs, insurance, and rent

A

Nondeductible

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6
Q

Self-employed retirement plans

A

Above the line deduction

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7
Q

Business use of your phone

A

Above the line deduction

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8
Q

Fines and penalties for breaking the law

A

Nondeductible

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9
Q

Donations to civic leagues

A

Nondeductible

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10
Q

Home mortgage interest

A

Itemized deduction

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11
Q

Mortgage interest on vacant land

A

Nondeductible

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12
Q

Amortization premium on taxable bonds

A

Itemized deduction

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13
Q

Marriage licenses, and dog tags

A

Nondeductible

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14
Q

State and local use tax

A

Itemized deduction

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15
Q

Non-cash property donations

A

Itemized deduction

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16
Q

Points on a mortgage loan

A

Itemized deduction

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17
Q

HSA contributions

A

Above the line deduction

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18
Q

Jury duty pay remitted to an employer

A

Above the line deduction

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19
Q

Repayment of supplemental unemployment benefits

A

Above the line deduction

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20
Q

Investment related seminars

A

Nondeductible

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21
Q

Adoption expenses

A

Nondeductible

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22
Q

Claim of right repayment of $3000

A

Itemized deduction

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23
Q

Donations to political groups or candidates

A

Nondeductible

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24
Q

Real estate taxes

A

Itemized deduction

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25
Q

Cosmetic surgery

A

Itemized deduction – if medically necessary

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26
Q

Business expenses for armed force reservist

A

Above the line deduction

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27
Q

Alimony paid

A

Above the line, deduction - prior to 2019

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28
Q

Individual business expenses, not reimbursed

A

Non-deductible

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29
Q

Losses from the sale of a home, furniture, or personal car

A

Nondeductible

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30
Q

Transportation to obtain medical care

A

Itemized deduction

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31
Q

Admission to medical conference related to disease

A

Itemized deduction

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32
Q

Improvements to home for medical reasons

A

Itemized deduction

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33
Q

Meals while working late

A

Nondeductible

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34
Q

Foreign income taxes

A

Itemized deduction

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35
Q

Student loan interest

A

Above the line deduction

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36
Q

Traditional IRA contributions

A

Above the line deduction

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37
Q

Disability insurance premiums

A

Nondeductible

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38
Q

QCD’s

A

Itemized deduction

39
Q

Ponzi scheme losses

A

Itemized deduction

40
Q

Cost of raffle, bingo, or lottery tickets

A

Non-deductible

41
Q

Dues to labor unions

A

Nondeductible

42
Q

Vet care for medical service dogs

A

Itemized deduction

43
Q

Investment interest expense

A

Itemized deduction

44
Q

Attorney fees and court cost for unlawful discrimination claim

A

Above the line deduction

45
Q

State and local income taxes

A

Itemized deduction

46
Q

Brokers commissions

A

Nondeductible

47
Q

Self-employment tax

A

Above the line deduction

48
Q

Penalty for early withdrawal of savings

A

Above the line deduction

49
Q

Personal casualty losses

A

Itemized deduction

50
Q

Late fees on a mortgage loan

A

Itemized deduction

51
Q

Homeowners association fees

A

Nondeductible

52
Q

Mortgage insurance premiums

A

Nondeductible

53
Q

Charity Auctions

A

Itemized Deductions

54
Q

Reforestation, amortization, and expenses

A

Above the line deduction

55
Q

Moving moving expenses for members of the armed forces

A

Above the line deduction

56
Q

Life insurance premiums

A

Nondeductible

57
Q

Cash donations to qualifying organizations

A

Itemized deduction

58
Q

Donations to social and sports clubs

A

Nondeductible

59
Q

Donations to Chamber of Commerce

A

Nondeductible

60
Q

Donating conservation easements

A

Itemized deduction

61
Q

Lunch with coworkers

A

Nondeductible

62
Q

Fees, paid to doctors, hospitals, nursing homes, etc.

A

Itemized deduction

63
Q

Archer MSA contributions

A

Above the line deduction

64
Q

Dental and vision expenses

A

Itemized deduction

65
Q

Donations made to individuals

A

Nondeductible

66
Q

Gambling losses

A

Itemized deduction

67
Q

Lost or misplaced cash or property

A

Nondeductible

68
Q

Moving expenses for non-military employees

A

Non-deductible

69
Q

Self-employed health insurance

A

Above the line deduction

70
Q

Business use of your car

A

Above the line deduction

71
Q

Gym membership fees

A

Nondeductible

72
Q

Investment property – casualty or theft losses

A

Itemized deduction

73
Q

Personal property taxes

A

Itemized deduction

74
Q

Medical equipment, supplies, and diagnostic devices

A

Itemized deduction

75
Q

Burial or funeral expenses

A

Nondeductible

76
Q

Voluntary unemployment benefits fund contributions

A

Nondeductible

77
Q

Business expenses of performing artists

A

Above the line deduction

78
Q

Taxes to finance property improvements

A

Non Deductible

79
Q

Excess deductions of an estate or trust

A

Itemized deduction

80
Q

Jury duty pay that is kept

A

Nondeductible

81
Q

Health insurance premiums

A

Itemized deduction

82
Q

Meals and lodging to obtain medical care

A

Itemized deduction

83
Q

Business expenses of government officials

A

Above the line deduction

84
Q

Expenses related to the rental of personal property

A

Above the line deduction

85
Q

Personal credit card interest

A

Nondeductible

86
Q

Fees and licenses – example car license, or registration cost

A

Non-deductible

87
Q

Qualifying educator expenses

A

Above the line deduction

88
Q

Transportation to medical conference for a disease

A

Itemized deduction

89
Q

Prescription drugs, including insulin

A

Itemized deduction

90
Q

Foreign property taxes

A

Nondeductible

91
Q

Long-term care premiums

A

Itemized deduction

92
Q

Contributions to section 501C 18 D pension plans

A

Above the line deduction

93
Q

Dues paid to country clubs

A

Nondeductible

94
Q

Impairment related work expenses

A

Itemized deduction

EA Individuals (21 decks)

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