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  3. ould any of the following items be deductible on a

ould any of the following items be deductible on an individual's income tax return? If...

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Accounting

  1. ould any of the following items be deductible on an individual's income tax return? If so, would the item be deductible for or from AGI? Explain any limits each item.

Deductible Y or N For or From AGI Explain any limits

Gambling losses of $2,200 with one jackpot payout of $750.

Interest of $4,000 on money borrowed to purchase land held for investment.

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