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Which of the following is a true statement? Rental and royalty expenses are deductible from AGI. Employee business expenses are deductible for AGI. Business losses

Which of the following is a true statement?

Rental and royalty expenses are deductible from AGI.

Employee business expenses are deductible for AGI.

Business losses of a self-employed taxpayer are not deductible and must be carried forward in their entirety.

All of these statements are true.

None of these statements are true.

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