Steve W CPA
Level 2
09-22-2021
01:23 AM
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If one codes a Line 13 expense as Code L, this is limited to certain misc. exps. that never were subject to the 2% such as amortizable premiums on taxable bonds, casualty/theft losses from income-producing property, and federal estate taxes on income in respect of a decedent. However, investment exps., employee exps., etc. are under 13 W.