Which of the following is not a deduction for AGI?
a.Alimony paid for a divorce finalized in 2018.
b.Business rent on a self-employed business.
c.Property taxes paid on your primary residence.
d.One half of self-employment tax.
Answer : option ( C )
Explanation :
Choice “c” is correct. Property taxes paid on your primary residence is an itemized deduction,which is a deductionfromAGI.
Choice“a” is incorrect. Alimony paid is an adjustment, which is a deductionforAGI.
Choice“b” is incorrect. Business rent on a self-employed business is deductible on Schedule C.This is before the calculation of AGI.
Choice“d” is incorrect. One half of self-employment tax is an adjustment, which is a deductionforAGI.
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