Losses Are Generally Deductible If Incurred in Carrying on a Trade

question 44

True/False

Losses are generally deductible if incurred in carrying on a trade or business or incurred in an activity engaged in for profit.

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Definitions:

Impotent

Often used in reference to erectile dysfunction; the inability to achieve or maintain an adequate erection for satisfactory sexual activity.

Sexual Gratification

The satisfaction or pleasure achieved through sexual activities or thoughts.

Situational Low Self-esteem

Temporary feelings of inadequacy or low confidence triggered by specific situations or events.

Hysterectomy Surgery

A surgical procedure to remove a woman's uterus, which may be necessary for various medical reasons.