Which of the following independent statements is true A. Charitable contributions to a foreign charity are a deduction FROM AGI that is reported on Schedule A B. In order to have a have a valid business deduction, a taxpayer would only have to provide that the expenditure was necessary. C. Ben deferred the income earned based on Section 1031 after to exchanged inventory, which is used in his business for a piece of vacant land. D. A taxpayer is eligible to take a qualified business deduction regardless if they take the standard deduction or itemized their deductions. E. All of the statements listed above are false