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Other Itemized Deductions

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Other Itemized Deductions


Other Itemized Deductions

•Gambling losses (gambling losses include, but aren't limited to, the cost of non-winning bingo, lottery, and raffle tickets), but only to the extent of gambling winnings reported on Schedule 1 (Form 1040 or 1040-SR), line 8.

• Casualty and theft losses of income-producing property from Form 4684, lines 32 and 38b, or Form 4797, line 18a.

•  Federal estate tax on income in respect of a decedent.

• A deduction for amortizable bond premium (for example, a deduction allowed for a bond premium carryforward or a deduction for amortizable bond premium on bonds acquired before October 23, 1986).

• An ordinary loss attributable to a contingent payment debt instrument or an inflation-indexed debt instrument (for example, a Treasury Inflation-Protected Security).

• Deduction for repayment of amounts under a claim of right if over $3,000. See Pub. 525 for details.

• Certain unrecovered investment in a pension.



For more details, see Publication 529.

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Views: 1649 Created on: Jun 15, 2013
Date updated: Nov 11, 2021

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