Which of the Following Is True Regarding Miscellaneous Itemized Deductions

question 1

Multiple Choice

Which of the following is true regarding miscellaneous itemized deductions?

• A)Other investment expenses and tax return preparation fees are included in the miscellaneous category.
• B)For 2018 - 2025 no deduction is allowed.
• C)Prior to 2018, miscellaneous itemized deductions were only deductible if the total expenses in this category exceed 2% of the taxpayer's AGI.
• D)All of the above are true.
• E)All of the above are false.

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Definitions:

IMEI

International Mobile Equipment Identity, a unique code used to identify mobile phones and certain other devices.

DHCP Server

A server configured to assign IP addresses automatically to devices on a network.

IP Addresses

Unique numeric identifiers assigned to each device connected to a computer network that uses the Internet Protocol for communication, enabling devices to locate and communicate with each other.

Hotspot

A place where individuals can connect to the internet, usually through Wi-Fi, by means of a wireless local area network (WLAN) that is linked to an internet service provider via a router.