The December 2017 tax reform bill significantly increased the
standard deduction and eliminated an entire class of itemized
deductions (the Miscellaneous Deductions including tax preparation
costs, investment advisory fees, gambling losses, personal casualty
losses, investment expenses, and work-related expenses of W2
employees). The tax reform law also limited the mortgage interest,
real estate, property, sales, and state income tax deductions. Do
each of the following:
Select one of the eliminated deductions and explain the economic
changes that will result from...