Question

Which of the following expenses would not be deductible on Schedule A as an employee expense subject to the 2 percent of Adjusted Gross Income limitation?

	A.	Cleaning expense for a National Guard uniform.
	B.	Union dues paid by a teacher which were not reimbursed.
	C.	Personal subscription to a “Money” magazine by an investment broker who works for Fidelity so that he can keep up with what is happening in his trade.
	D.	Travel expense to a conference which was repaid by the employer under an accountable plan

Which of the following expenses would not be deductible on Schedule A as an employee expense subject to the 2 percent of Adjusted Gross Income limitation?

	A.	Cleaning expense for a National Guard uniform.
	B.	Union dues paid by a teacher which were not reimbursed.
	C.	Personal subscription to a “Money” magazine by an investment broker who works for Fidelity so that he can keep up with what is happening in his trade.
	D.	Travel expense to a conference which was repaid by the employer under an accountable plan

Answer 1

As both questions are same answering only 1 , please comment if any doubt.

Ans:Option C

Solu: As per the IRS publication 529(2017), miscellaneous deduction allows deduction of 2% on miscellaneous ground from adjusted total income to the extend which are directly related to income effectively taxed in United states. Under the provision all the three option A, b, & D are covered as it is related to occupation the assessee are involved in except the option C as it is a personal subscription not authorised by the employer.