For a Taxpayer Who Is Engaged in a Trade or Business

question 37

True/False

For a taxpayer who is engaged in a trade or business, the cost of investigating a business in the same field is deductible only if the taxpayer acquires the business.

---

Definitions:

Implicit Influence

Refers to the subtle or indirect impact that affects individuals' attitudes, beliefs, or behaviors without their conscious awareness.

Conversion Theory

A psychological theory suggesting that minority groups can influence the majority through consistency and confidence in their viewpoints.

Instantaneously

Occurring or done in an instant or immediately, without any noticeable delay.

Consensus

A general agreement among members of a group or the process of reaching such an agreement.