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Business deductions must be ordinary, necessary, and reasonable. What is the meaning of ordinary ? An ordinary deduction is one that occurs regularly and continuously
Business deductions must be ordinary, necessary, and reasonable. What is the meaning of ordinary ? An ordinary deduction is one that occurs regularly and continuously An ordinary deduction is one that all practitioners of a trade or business would have An ordinary deduction is one that a practitioner of a trade or business may reasonably be expected to have given the nature of the business none of the above
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