Ask Question
10 April, 02:03

Which of the following itemized deductions is not subject to the itemized deduction phase-out? gambling losses. mortgage interest. state income tax. charitable contributions. All of the choices are subject to the itemized deduction phase-out.

+2
Answers (1)
  1. 10 April, 03:57
    0
    Answer: Gambling losses

    From the given options, the following itemized deduction is not in regards to itemized deduction phase-out : Gambling losses

    Itemized deductions are refereed to as qualified expenses that a person can demand on income tax returns and this will reduce their taxable income, and hence is demanded at place of a standard deduction.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following itemized deductions is not subject to the itemized deduction phase-out? gambling losses. mortgage interest. state ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers