TAX CH6 Deductions Flashcards
1
Q
2 Classification of deductible expenses
A
Above the line
Below the line
2
Q
Archer MSA
A
X
3
Q
Health savings accounts (HSA)
A
X
4
Q
Trade and Business Expenses
A
Above the line
5
Q
IRA’s
A
X
6
Q
Moving expenses
A
X
7
Q
Student loan interest
A
X
8
Q
Business expenditures
A
X
9
Q
Home office
A
C
10
Q
Form 1040 , adjustment section above the line
A
C
