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    Federal Taxation
  4. Exam
    Exam 22: Deductions and Losses
  5. Question
    In Order for an Expense to Be Ordinary,it Must Be
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In Order for an Expense to Be Ordinary,it Must Be

Question 56

Question 56

True/False

In order for an expense to be ordinary,it must be reasonable in amount and it must bear a reasonable and proximate relationship to the income-producing activity or property.

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