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Which of the following is/are trade or business expenses? Solly incurs legal expenses related to real estate he leases to Bucko Burger Hamburger Haven for
Which of the following is/are trade or business expenses?
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Solly incurs legal expenses related to real estate he leases to Bucko Burger Hamburger Haven for a parking lot. Solly does little but negotiate the lease every year.
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Susan owns several rental apartments. She negotiates new rental contracts, arranges for repairs and maintenance, and handles all leasing activities.
| a. Only statement I is correct. |
| b. Only statement II is correct. |
| c. Both statements are correct. |
| d. Neither statement is correct. |
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