Which of the following items does not qualify as an educator expense item deduction? a. Computer and Software b. Home Schooling expenses c. Professional Development expenses related to the curriculum d. Books
The educator expense item deduction includes Books, supplies, Computer and Software, Professional Development expenses related to the curriculum, etc. |
The limit foe such expenses is $250 for tax year 2018. |
Home Schooling expenses does not qualify as an educator expense item deduction |
Option B is correct |
Which of the following items does not qualify as an educator expense item deduction? a. Computer...
Select the best answer Which of the following does not qualify as a higher education expense from a 529 plan in connection with homeschooling? o A. Online education materials 0 B. Educational therapies for students with disabilities O C. Tutoring outside the home by a parent of the student o D. Books and other instructional materials Submit Answers
Which of the following trips, if any, will qualify for the travel expense deduction? a.Paul, a romance language high school teacher, spends summer break in France, Portugal, and Spain improving his language skills. b.Myrna went on a two-week vacation in Boston. While there, she visited her employer's home office to have lunch with former coworkers. c.Dr. Brown, a self-employed surgeon, attends a two-day seminar on financial planning. d.Dr. Jones, a self-employed general dentist, attends a two-day seminar on developing a...
Which of the following medical expenses does NOT qualify for the ITA 118.2 Medical Expense Tax Credit? A. Amounts paid for prescription eyeglasses or contact lenses B. Amounts paid for teeth whitening procedures C. Amounts paid for dentures D. Amounts paid for guide dogs and specifically trained service animals
Which one of the following can constitute qualified research for purposes of the research credit? a. Research with respect to which expenditures qualify for the research and experimentation deduction. b. Research conducted after commercial production of a business component begins. c. Research related to the adaptation of an existing component to a particular customer's need. d. Expenses incurred in connection with computer software developed primarily for internal use.
which of the following partial interest transferred would not qualify for a charitable deduction. a. qualified conservation contribution. b. a reminder interstate in personal house. c. a transfer of stock but you keep the dividend. d. an undivided portion of taxpayers entire interest
Which of the following taxpayers will NOT qualify for the QBI deduction due to ordinary business income? a) Kat, a limited partner in XYZ Partnership. She did not materially participate in the partnership. b) Jill, a shareholder in JK Corporation, an S corporation. Jill worked full time for the S corporation as an employee as well as being a stock owner. c) Cynthia, a shareholder of CDE Corporation, a C corporation. Cynthia did not work for the C corporation. d)...
Which of the following may not be claimed as a deduction by a taxpayer who claims the standard deduction? Select one: O a. IRA contribution O b. Home office expense deduction O C. State income tax paid O d. Student loan interest expense
Which of the following does not affect the Qualified Business Income Deduction A) Self employed health insurance deduction B) Self employed contributions to qualified retirement plans under Section 404 C) 50% if self employed tax adjustment to income D) Unreimbursed employee business expenses
2. Which of the following statements is incorrect regarding the dividends received deduction? a. A corporation must hold stock for more than 90 days in order to qualify for a deduction with respect to dividends on such stock. b. The taxable income limitation does not apply with respect to the 100% deduction available to members of an affiliated group c. If a stock purchase is financed 75% by debt, the deduction for dividends on such stock is reduced by 75%....
To qualify for head of household filing status, a taxpayer must meet all of the following except: A. Be unmarried (or considered to be unmarried under the provisions discussed below) at the end of the year. B. Not be a qualifying widow or widower. C. Pay more than half the costs of keeping up a home for the year. D. Have a “qualifying person” live in the taxpayer’s home for more than half the year (except for temporary absences such...