Question

Which of the following is not deductible in 2018? a.Expenses incurred associated with investments in stocks and bonds. b.Allowable hobby expenses in excess of hobby income. c.Moving expenses in excess of reimbursement. d.Tax return preparation fees of an individual. e.All of these choices are correct.

Answer 1

Answer:

b. Allowable hobby expenses in excess of hobby income.

Explanation:

Allowable hobby expenses in excess of hobby income is not deductible in 2018.