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Identify which scenario is an appropriate tax planning strategy. A taxpayer choosing to exclude cash tips from income on annual Form 1040. A taxpayer
Identify which scenario is an appropriate tax planning strategy. A taxpayer choosing to exclude cash tips from income on annual Form 1040. A taxpayer waiting two days to sell NKE stock to take advantage of LTCG rates. A taxpayer taking a deduction for a contribution made to a friend for cancer treatment. A sole proprietor deducting vehicle costs for miles used for business AND personal purposes.
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