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) None of the above (all are allowed as itemized deductions) .
Correct Answer:
Verified
Correct Answer:
Verified
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