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Which item is NOT reported in the deductions section on page 1 of Form 1065?...

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Accounting

Which item is NOT reported in the deductions section on page 1 of Form 1065?

a. Charitable contributions made by the partnership.

b. Repairs and maintenance expenses paid by the partnership.

c. Depreciation of partnership assets.

d. Costs of maintaining an employee benefit program.

Which statement concerning a decedents medical expenses is correct?

2.a) Expenses claimed on an estate tax return are deductible only to the extent they exceed 10% of the adjusted gross estate.

2.b) The executor must choose to deduct such expenses on either the estate tax return or the decedents final income tax return.

2.c) If medical expenses are claimed as a deduction on an income tax return, amounts above 10% of adjusted gross income can be claimed on the estate tax return.

2.d) Medical expenses are deductible on both the individual income tax return and the estate return.

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