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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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