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Since Fiduciaries Are Generally Only Managing Assets and Not Carrying

question 10

True/False

Since fiduciaries are generally only managing assets and not carrying on a business, their expenses are not deductible.


Definitions:

Default Definition

The initial or fallback definition provided by a programming language or system when no specific customization is provided.

ToString

The ToString method is a function in many programming languages used to convert an object into its string representation.

Reference Variable

A variable that holds the address of an object, allowing for the indirect manipulation of the object itself.

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