[joohj1187]

So I am now reviewing for my test on Monday, and am a little confused regarding the treatment of subscription to investment publications on the 1040.

Becker tells me that for the self-employed individual, the subscription for publications is an itemized deduction subject to the 2% limitation on schedule A (CPA-04442). Then in another question, the magazine subscriptions are fully deductible on the Schedule C instead (CPA-04437)…can someone tell me WHICH it is actually deductible on? I’m aware that this is probably not even going to be a point on the test, but I’m just curious which the correct answer is. Thanks!

FAR: 8/5/2010 - 89
AUD: 8/24/2010 - 92
REG: 10/11/2010 - 94!!
BEC: 11/30/2010

[wishfulthinking]

For a self-employed individual, it is fully deductible on schedule C.

REG 85 | FAR 85 | AUD 88 | BEC 76!!! DONE!!!!

[whitesoxfancpa]

I believe I have this right:

– If it's a business expense, it's fully deductible on Schedule C.

– If it's a personal expense, it's a Schedule A itemized deduction subject to the 2% limitation.

AUD 96 FAR 95 REG 94 BEC 88

[joohj1187]

thanks all for the quick response! i have too much in my head, I just wanna take that test and get it over with! I've read that post about the score conspiracy, so I'm hoping for a 90 or a 91!

FAR: 8/5/2010 - 89
AUD: 8/24/2010 - 92
REG: 10/11/2010 - 94!!
BEC: 11/30/2010

[Author]

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