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Author Question: Various criteria will disqualify the deduction of a business or investment related expenditure. ... (Read 51 times)

abc

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on: Sep 13, 2020

Question 1

To be tax deductible, an expense must be all of the following except
◦ ordinary and necessary.
◦ paid in cash.
◦ reasonable in amount.
◦ an expense of the taxpayer.

Question 2

Various criteria will disqualify the deduction of a business or investment related expenditure.  Which of the following criteria will not disqualify a business or investment expenditure?
◦ capital expenditure
◦ expenses related to tax-exempt income
◦ expenses are not incurred annually
◦ expenses are illegal or in violation of public policy
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by abc on Sep 13, 2020

jaaaaaaa

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

raenoj

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Reply 3 on: Yesterday
Wow, this really help

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