a. Ordinary and necessary expenses incurred in a trade or

Question

Which of the following is an itemized deduction?

a. Ordinary and necessary expenses incurred in a trade or

business.

b. The deduction for capital losses.

c. Alimony paid to the taxpayer’s ex-spouse.

d. Individual Retirement Account (IRA) contribution.

e. None of the above is an itemized deduction.

Business