Which of the following is not a "trade or business" expense?
A)Interest on business indebtedness.
B)Property taxes on business property.
C)Parking ticket paid on business auto.
D)Depreciation on business property.
E)All of these are "trade or business" expenses.

Question

Quizplus · Accepted Answer

While the other options (A, B, D) are all expenses incurred in the course of running a business, a parking ticket paid on a business auto is not a typical or necessary expense for operating a business.

Which of the Following Is Not a "Trade or Business