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(TCO G) Dave had to drive from Pittsburgh to the Cleveland Clinic numerous times during 2016; he incurred 1,053 miles and spent $650 on gas. What, if anything, can he deduct as a medical expense on his 2016 return?You Answered$650$200Nothing, travel expenses are not a deductible medical expense.$850Chapter 8, standard mileage rate for medical-related travel in 2016 is 19 cents/mile.Question 55 / 5 pts(TCO G) Which is NOT a typical expense deductible for home office?ElectricityCorrect!Swimming poolHeating costs
DepreciationChapter 7, page 7-24Question 615 / 15 pts(TCO G) Lewis owned an LP interest in Kate Partners, LP. He did not materially participate in the activity. On the date he gifted the Kate partnership interest to his son, Travis, his basis was $25,000. Suspended losses amounted to $15,000 as of that date. What is Travis’s adjusted basis in the gift? Show your work!Your Answer:Lewis's adjusted basis$25,000Suspended losses+ $15,000Travis's adjusted basis$40,000Travis's adjusted basis for the gift is $40,000.Professor’s Response:None of the suspended losses are deductible, but Travis will have an increased basis of$40,000:Donor's adjusted basis$25,000