1. life insurance premiums.
No
2. property insurance on your personal residence.
No.
3. Losses on the sale of personal property.
No.
4. Commuting expenses to and from work.
No.
5. Attorney fees for a divorce for former spouse.
yes.
this is my answers please correct me if i am wrong.
2007-11-09 06:25:35 · 5 answers · asked by ssss 1 in Business & Finance ➔ Taxes ➔ United States
5 is wrong.
2007-11-09 06:31:00 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋
You are correct. The responder who says that if you're self-employed, your commuting expenses are deductible, is wrong. And attorney's fees for a divorce are not deductible unless part of the fee is stated separately as for tax advice, then that part would be.
2007-11-09 22:47:00 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
1.life insurance premiums.. no but long-term care ins. would be.
2. not on personal residence
3. no- just like a yard sale, you're just getting rid of stuff. Realestate property is different.
4.none. only from job to job with mileage.
5. no... attorney fees only when you win money (as a cost).
remember it helps to have a mortgage before evening looking at a schedule A.
2007-11-09 14:31:42 · answer #3 · answered by rob b 3 · 1⤊ 0⤋
4. Yes, if you are self-employed and such commute is related to business, then it is business expense.
2007-11-09 17:43:01 · answer #4 · answered by Harsh T 1 · 1⤊ 2⤋
4. is YES if you own your own business
5. is incorrect. the answer is NO
2007-11-13 13:48:13 · answer #5 · answered by CactusFlower 4 · 0⤊ 0⤋