What are miscellaneous expenses not subject to the 2% limitation?
Miscellaneous expenses not subject to the 2% limitation include:
- Amortizable bond premium on bonds acquired before October 23, 1986
- Federal estate tax on income in respect to a decedent
- Impairment-related work expenses of a disabled person
- Deduction for repayment of amounts under a claim of right if over $3,000
- Certain unrecovered investment in a pension
- Loss from other activities from Schedule K-1 Box 2
