Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 212
Expenses for production of income
Official textgovinfo.govlast amended
In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—
# (1)
for the production or collection of income;
# (2)
for the management, conservation, or maintenance of property held for the production of income; or
# (3)
in connection with the determination, collection, or refund of any tax.
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