2904585
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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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.
That does make sense for my situation - thank you!
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