Multiple Choice
Your friend Scotty informs you that he received a "tax-free" reimbursement in 2016 of some medical expenses he paid in 2015.Which of the following statements best explains why Scotty is not required to report the reimbursement in gross income?
A) Scotty itemized deductions in 2015.
B) Scotty did not itemize deductions in 2015.
C) Scotty itemized deductions in 2016.
D) Scotty did not itemize deductions in 2016.
E) Scotty itemized deductions in 2016 but not in 2015.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Mindy paid an appraiser to determine how
Q10: The election to itemize is appropriate when
Q14: Georgia contributed $2,000 to a qualifying Health
Q39: Bill paid $2,500 of medical expenses for
Q42: Maria traveled to Rochester, Minnesota, with her
Q53: During 2016,Nancy paid the following taxes:<br>Tax on
Q56: In 2016,Brandon,age 72,paid $3,000 for long-term care
Q58: A taxpayer may not deduct the cost
Q62: In 2016,Dena traveled 600 miles for specialized
Q85: Noah gave $750 to a good friend