Checkpoint Learning

Course Detail

Form 1040 - Adjustments to Income  

CATEGORY: Taxation
COURSE ID: CPT4AD, VERSION 3.00
(78)
Online & Mobile, Download
3 CPE Credits

The basic principle of all deductions is that deductions are not allowed unless specifically authorized by law. Further, no deduction is allowed for personal, living, or family expenses (including medical expenses) unless specifically authorized. [IRC Sec. 262(a)] It is important to determine whether a deduction is taken for adjusted gross income or from adjusted gross income. Keep in mind, however, that a deduction may be claimed in more than one place (e.g., a depreciation deduction may be a trade or business expense or a deduction attributable to rental income). This program focuses on the deductions taken for adjusted gross income, or the above-the-line deductions.

Add to Cart         Preview

/

Accreditation Information

Learning objectives

Course outline

Requirements