If an individual purchases property insurance on business equipment, the premiums are deductible, but if that same

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If an individual purchases property insurance on business equipment, the premiums are deductible, but if that same individual purchases property insurance on his home, the premiums are nondeductible. Can you explain this inconsistent tax treatment?

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Principles Of Taxation For Business And Investment Planning 2016 Edition

ISBN: 9781259549250

19th Edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Question Posted: Nov 03, 2015 05:43 AM

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If an individual purchases property insurance on business equipment, the premiums are deductible, but if that same

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Principles Of Taxation For Business And Investment Planning 2016 Edition

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