Excess business losses are carried back and then forward as net operating losses.
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Q7: To be deductible, business expenses must be
Q8: Deductible medical expenses include payments to medical
Q9: An individual who forfeits a penalty for
Q10: All reasonable moving expenses are deductible by
Q11: The itemized deduction for taxes includes all
Q13: Rental or royalty expenses are deductible "for"
Q14: For married taxpayers filing separate, excess business
Q15: All investment expenses are itemized deductions.
Q16: The phrase "ordinary and necessary" means that
Q17: Taxpayers may elect to deduct state and
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