Rex,a cash basis calendar year taxpayer,runs a bingo operation which is illegal under state law.During 2012,a bill designated H.R.9 is introduced into the state legislature which,if enacted,would legitimize bingo games.In 2012,Rex had the following expenses: Of these expenditures,Rex may deduct:

Question

Rex,a cash basis calendar year taxpayer,runs a bingo operation which is illegal under state law.During 2012,a bill designated H.R.9 is introduced into the state legislature which,if enacted,would legitimize bingo games.In 2012,Rex had the following expenses:  Of these expenditures,Rex may deduct:

Quizplus · Accepted Answer

The Answer of Rex,a cash basis calendar year taxpayer,runs a bingo operation which is illegal under state law.During 2012,a bill designated H.R.9 is introduced into the state legislature which,if enacted,would legitimize bingo games.In 2012,Rex had the following expenses:  Of these expenditures,Rex may deduct:

Rex,a Cash Basis Calendar Year Taxpayer,runs a Bingo Operation Which