Reese is an accountant employed by a local firm. During the year,
Reese
incurs the following unreimbursed expenses:
Requirements
a.
|
Identify which of these expenses are deductible and the amount that is deductible by
Reese.
Indicate whether they are deductible for or from AGI. |
b.
|
Would the answers to Part a change if the accounting firm reimburses
Reese
for these expenses under an accountable plan? |
c.
|
Assume all of the same facts as in Part a, except that
Reese
is self-employed. Identify which of the expenses are deductible, and indicate whether they are deductions for or from AGI. |
PI:6-35
Sam owns a small apartment building (this is the only rental building Sam owns). During the year Sam incurs the following expenditures:
Requirement
Select the proper tax treatment for these expenditures.
PI:6-37
Sam is a sole proprietor who owns, leases, and manages several apartment complexes and office buildings. During the current year, Sam incurs the following expenses.
Requirement
Which of these expenditures are deductible? Are they for or from AGI deductions?
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