Which of the following is a true statement about 2% limited itemized deductions? OA. Two percent limited itemized deductions are limited to 2% of adjusted gross income. B. Property taxes are not deductible. OC. No deduction is allowed for itemized deductions subject to the 2% AGI limitation for tax year 2024. D. Business expenses for sole proprietors are not deductible for tax year 2022 because 2% limited itemized deductions are eliminated.
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