Job Search Expenses
Response to the following problem:
During the year, Kris spends $1,700 on qualified job search expenses in his pursuit of a job as a manager.
a. Can Kris deduct the $1,700 if he is currently employed as a manager and as a result of his efforts, he finds a new managerial position? Where would he report his deduction?
b. Same as in Part a. except that his efforts are unsuccessful.
c. Same as in Part a., except that Kris is not currently employed as a manager.