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Which of the following statements is true? A taxpayer can deduct the greater of itemized deductions or the standard deduction. Form 1 0 6 5

Which of the following statements is true?

A taxpayer can deduct the greater of itemized deductions or the standard deduction.

Form

1065

is used to complete and file an individual tax return.

The standard deduction is a deduction for adjusted gross income.

A taxpayer is always guaranteed a refund.

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