Original MDTAXES Forum

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Mar 28, 2004 - 8:26AM

Where to deduct job related expenses.

Hi,
I'm in the middle of my first year of residency in Ophthalmology. I have expenses of about $2500 for instruments, $950 for books and $200 for travel for a short course.
I can see these will go on Sch A,(Itemized deductions) line 20 and thatthe amount over 2% of AGI is deductible. But as I don't have anything else to itemize (except state taxes) my entire itemized deductions come to only about $500 over the standard deduction. Is there any other way to deduct the above items? Thank you very much. I appreciate your help.

Zip Code: azniv2001@yahoo.com

Gary Davis CPA

Jun 17, 2004 - 5:55AM

Re: Where to deduct job related expenses.

You've correctly identified where Unreimbursed Employee Business (Form 2106) expenses go.

If you also moonlight, you can allocate your expenses between Schedule A, as Unreimbursed Employee Business expenses, and Schedule C. If there are expenses you can specifically identify as relating to your moonlighting, you could deduct them 100% on Schedule C.

If you're not moonlighting, you've got the expenses in the correct place.

Zip Code: garyd@davisandbrandel.com