Question

Which expense, incurred and paid in 2019, can be claimed as an other itemized deduction?

a) Self-employed health insurance

b) Unreimbursed moving expenses

c) Gambling Losses

d) Self-employment taxes

Answer 1

Based on the information the correct answer is Option C - Gambling losses. Generally, gambling losses are deductible to the extent of Gambling income as part of the Itemized deductions. Hence, this is the correct answer.

Option A is incorrect. Self employed health insurance is an above the line deduction and hence is not a itemized deduction.

Option B is incorrect. Unreimbursed moving expenses are generally not deductible as part of an other itemized deduction.

Option D is incorrect as Self employement taxes is an above the line deduction and reduces the Adjusted Gross Income.

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