Liquidation expenses incurred by a corporation are generally deductible as § 162 trade or business expenses.

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Liquidation expenses incurred by a corporation can be deductible as § 162 trade or business expenses if they are ordinary and necessary expenses paid or incurred in carrying on any trade or business. This includes costs directly associated with the process of liquidating the business.

Liquidation Expenses Incurred by a Corporation Are Generally Deductible as §