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Trade or business expenses are treated as: Muttiple Choice Deductible only if the activity had...

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Accounting

Trade or business expenses are treated as:
Muttiple Choice
Deductible only if the activity had substantial income.
An itemized deduction if not relmbursed.
Deductible as itemized deductions subject to the 2% AGI floor.
Deductible, when ordinary, necessary, and reasonable.
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