Combined with the agi from return as originally filed

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Reference no: EM131900771

1. In 2016, Tyler decided he needed to be a healthier person. To help achieve that goal, he tried to grow all of his own vegetables organically. The vegetables did not grow well, and Tyler was able to harvest nothing from his garden. Which of the following is most accurate?

a) Tyler should definitely deduct the cost of his gardening as a business expense.

b) Tyler cannot deduct any of his expenses.

c) Tyler needs to set up a corporation for his food-growing, then it will qualify as a business.

d) Tyler can deduct half of his expenses because the crops did not grow well.

2. In a NOL carryback year, the NOL is combined with the AGI from the return as originally filed or amended. All of the following itemized deductions are recomputed based on the new AGI EXCEPT:

A) Charitable contributions.

B) Casualty and theft loss deduction.

C) Miscellaneous itemized deductions subject to the 2%-of-AGI limitation.

D) Medical expenses.

Reference no: EM131900771

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