Which of the following can be deducted as a trade or business expense?
A)Lobbying expenses to influence taxpayers.
B)Political contribution to elect a local Congressman.
C)Illegal bribes to government
D)Rent paid on a office to run an illegal gambling operation.
E)None of the above can be deducted.

Question

Quizplus · Accepted Answer

Rent paid on an office to run an illegal gambling operation can be deducted as a trade or business expense. However, the other options involve illegal or unethical activities and cannot be deducted.

Which of the Following Can Be Deducted as a Trade