Which of the following may be deducted in computing income from unrelated business activities?
A) Ordinary and necessary business expenses.
B) $1,000 exemption.
C) Charitable contributions.
D) All of the above.

Question

Quizplus · Accepted Answer

Ordinary and necessary business expenses, a $1,000 exemption, and charitable contributions are all deductible in computing income from unrelated business activities.

Which of the Following May Be Deducted in Computing Income