Expenses Incurred in a Trade or Business Generally Are Deductions

question 30

True/False

Expenses incurred in a trade or business generally are deductions for AGI.

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Definitions:

Tikal

Tikal is an ancient Mayan city located in modern-day Guatemala, known for its impressive ruins, including towering pyramids and temples, and its significance in Mayan history and culture.

Dwelling Sites

Locations or places where people live; these can range from temporary shelters to permanent homes.

Excavations

The process of systematically uncovering archaeological sites through the removal of soil and other materials to find evidence of past human activity.

Maya Ceremonial Calendars

Ancient timekeeping systems used by the Maya civilization for religious and ceremonial purposes, including the Tzolk'in and the Haab'.