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Indicate whether each of the following items is considered a for AGI, (above-the-line) deduction for the...

Indicate whether each of the following items is considered a for AGI, (above-the-line) deduction for the 2018 tax year. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.)

  • a. Student loan interest.checked
  • b. Gambling losses.unchecked
  • c. Early withdrawal penalty.checked
  • d. Child support payments.unchecked
  • e. Charitable contributions.unchecked
  • f. One-half of self-employment taxes.unchecked
  • g. Alimony.checked
  • h. Scholarships for tuition and books.unchecked
  • i. Moving expenses for service members.checked
  • j. Property taxes.unchecked
  • k. Self-employed health insurance premiums.
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Answer #1

Answer:

Charitable contributions and property taxes are part of itemized deductions

Child support payments are not included in Gross income

For tax year 2018, scholarships for tuition and books can no longer be taken as deductions.

Gambling losses are deductible only to the extent of winnings and such deduction is only available as itemized deductions

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