What business expenses are deductible???
The answer is all of them. The requirement for a deduction is that the expense be "necessary" and "ordinary". This means that the expense is needed in the ordinary operation of the business.
If you have your own business, rental property or expenses as an employee, keep track of them so you can deduct them on your tax return. They are all deductible!!!
As always, please call (949) 683-8111 or email us at info@southcountycpa.com if you have any questions. We are here to help.
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