Question

Which list contains 3 Deductions FOR Adjusted Gross Income.

Hint: Publication 17: Part 4: Table V on Page 120: Other Adjustments to Income

	A.	Real Estate Tax Mortgage Interest Self Employed Health Insurance
	B.	Self Employed Health Insurance paid IRA Contribution Moving Expenses
	C.	Real Estate Tax paid Mortgage Interest paid Alimony Paid
	D.	Self Employed Health Insurance paid IRA Contribution Real Estate Taxes paid

Answer 1

Answer - B

List B contains 3 Deductions for Adjusted Gross Income

• Self employed health insurance paid
• IRA Contribution
• Moving expenses

Note :

To arrive at Adjusted Gross Income following adjustments are made to income :-

1. Contributions to IRA
2. Alimony paid
3. Student loan interest paid
4. Business expenses subject to exceptions
5. Contribution made to health savings account
6. Moving expenses
7. Self employment tax
8. Self employed health insurance paid
9. Payments made to self employed SEP, SIMPLE and other qualified plans
10. Penalty incurred due to early withdrawal of your savings
11. Contributions to Archer MSA
12. Contributions to qualified pension plans under IRC sec.501 (c)18 (D)
13. Reforestation ammortization and expenses
14. Rental of personal property expenses
15. Jury duty payments made to employer
16. Attorney fees and other costs incurred for specified actions
17. Amount incurred on specified domestic production activities
18. Foreign housing costs incurred
19. Certain repayments made to specified supplemental unemployment benefits
20. Contributions by certain ministers or chaplains to IRC specified plans under section 403(b)