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Kyle manages an illegal drug operation. In the current year he incurred expenses for: warehouse space, automobile, cost of goods sold, and commissions paid. Kyle
Kyle manages an illegal drug operation. In the current year he incurred expenses for: warehouse space, automobile, cost of goods sold, and commissions paid. Kyle has documentation of all his costs incurred. Which of these expenses are eligible for him to deduct on his tax return? Group of answer choices Only the expense related to the cost of goods sold is eligible for deduction. Cost of goods sold and commissions paid are eligible for deduction. All the expenses are eligible for deduction. None of the expenses are eligible for deduction
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