The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM...

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Accounting

The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM AGI Deduction) for all of the following except:

Multiple Choice

  • All of these are allowed deductions under the TCJA

  • Casualty losses on personal use assets in a Presidentially-Declared Disaster Area.

  • Unreimbursed employee business expenses.

  • Penalties for the early withdrawal of savings.

  • Gambling losses

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