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wakejames wakejames
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3 years ago
Which of the following is not required for an expenditure to be deductible as a business or investment expense?

▸ recurring in nature

▸ ordinary and necessary

▸ reasonable in amount

▸ incurred by the taxpayer
Textbook 
Federal Taxation 2017 Individuals

Federal Taxation 2017 Individuals


Edition: 30th
Authors:
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starla e.starla e.
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3 years ago
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this is exactly what I needed
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Good timing, thanks!
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