But such losses are not subject to the same floor (2% of adjusted gross income) that limits other miscellaneous deductions.

FORBES: Busted

Qualifying tuition is grouped with other miscellaneous itemized deductions, subject to a disallowance equal to 2% of adjusted gross income.

WSJ: Nurse's Tax Win Raises Hope for Other Students

First, most costs (other than the purchase price of items and repair materials) become miscellaneous itemized deductions, usable only to the extent they exceed 2% of his adjusted gross income.

FORBES: Hobby Horse