Multiple Choice
Which of the following is not allowed as an itemized deduction?
A) Cash donation to a church.
B) Interest expense on a $800,000 loan incurred in 2016 to buy a principal residence.
C) A subscription to the Wall Street Journal to help with personal investment decisions.
D) Gambling losses to the extent of gambling winnings.
E) All are allowed as itemized deductions.
Correct Answer:
Verified
Correct Answer:
Verified
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