Question: The rules for deducting business expenses assure that virtually all expenses related to a trade or business or a production-of-income activity are deductible at some

The rules for deducting business expenses assure that virtually all expenses related to a trade or business or a production-of-income activity are deductible at some time during the life of the activity. However, few personal expenditures are deductible. Why is there a difference in treatment of the expenses?

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