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Investors & landlords
If you worked at W-2 jobs and the jobs were each expected to last less than a year and each one did last less then a year, you can deduct these expenses as job-related expenses. Job related expenses are part of your itemized deductions. The deductible amount is determined by subtracting 2% of your Adjusted Gross Income for the year from the total of the expenses, but then ALL your itemized expenses need to exceed your standard deduction before you benefit from itemizing.
If you are self-employed, these expenses would be deductible as travel expenses.
‎June 4, 2019
11:11 PM