A sole proprietor contributes to the election campaign of a state governor.The candidate has promised to change a law that severely limits the growth of the sole proprietor's business.Given the direct benefit,the sole proprietor can deduct the contribution.

Question

Quizplus · Accepted Answer

It is a violation of IRS rules for a sole proprietor to deduct a political campaign contribution, regardless of any potential benefits.

A Sole Proprietor Contributes to the Election Campaign of a State