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    Federal Taxation
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    Exam 6: Deductions and Losses: in General
  5. Question
    Can a Trade or Business Expense Be Deductible If It
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Can a Trade or Business Expense Be Deductible If It

Question 106

Question 106

Essay

Can a trade or business expense be deductible if it is necessary but not ordinary?

Correct Answer:

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No. To be deductible as a trad...

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