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Misc. Deduction

I'm a little confused by the misc. deduction section - I am maxed out on Interest deduction as well as Taxes... however, my biggest deduction is falling in this Misc. Deduction section - do you know what that is?  I dont have any other deductions filled in like disaster relief.  The explanation says other miscellaneous deductions come from your miscellaneous deductions that aren't subject to the 2% adjusted gross income threshold. -- But I'm not sure what that means?

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2 Replies
RobertB4444
Expert Alumni

Misc. Deduction

There are still a few itemized deductions that are allowed on schedule A.  They usually pass through from a K1 in this category.  Other than that there are sales of business properties, amortizable bond premiums, gambling losses, disability related employee business expenses and a few different debt repayment and pension interests.

 

If nothing in that group sounds familiar it means that you have entered something wonky.  Look at the amount and check your entries.

 

@sein88 

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Misc. Deduction

That does make sense for my situation - thank you!

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