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:

Passive Aggression

A behavior pattern where negative feelings are expressed indirectly rather than directly.

Oppositional Defiant Disorder

A childhood disorder characterized by defiant, disobedient, and hostile behaviors towards authority figures.

Substance Abuse

The excessive use of substances, including alcohol and drugs, that leads to addiction or other harmful effects.

Physically Aggressive

Exhibiting behavior that involves physical force intended to hurt, damage, or kill someone or something.