Question

Simon lost $9,850 gambling this year on a trip to Las Vegas. In addition, he paid...

Simon lost $9,850 gambling this year on a trip to Las Vegas. In addition, he paid $2,660 to his broker for managing his $266,000 portfolio, and $1,055 to his accountant for preparing his tax return. In addition, Simon incurred $2,880 in transportation costs commuting back and forth from his home to his employer's office, which were not reimbursed. Calculate the amount of these expenses that Simon is able to deduct (assuming he itemizes his deductions).

Homework Answers

Answer #1

Answer :

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions