The National Directory of Certified Public Accountants

Ask A CPA - Miscellaneous Itemized Deductions

Fully Deductible Miscellaneous Itemized Deductions

Common fully deductible deductions not subject to the 2% AGI limitation are: Amortizable premium on taxable bonds Casualty and theft loss from income producing property Estate taxes on income in respect of a decedent Gambling losses, up to the amount of gambling winnings Special job related expenses of the handicapped Unrecovered cost of annuities on a decedent's final return

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