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Ellie, a CPA, Incurred the Following Deductible Education Expenses to Maintain

Question 120

Essay

Ellie, a CPA, incurred the following deductible education expenses to maintain or improve her skills:
Ellie, a CPA, incurred the following deductible education expenses to maintain or improve her skills: Ellie's AGI for the year is $60,000. a. If Ellie is self-employed, what are the amount of and the nature of the deduction for these expenses? b. If, instead, Ellie is an employee who is not reimbursed by his employer, what are the amount of and the nature of the deduction for these expenses (after limitations)? Ellie's AGI for the year is $60,000.
a. If Ellie is self-employed, what are the amount of and the nature of the deduction for these expenses?
b. If, instead, Ellie is an employee who is not reimbursed by his employer, what are the amount of and the nature of the deduction for these expenses (after limitations)?

Correct Answer:

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a. $1,700 + $6,000 + $800 = $8...

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