Abstract
As a general principle, the tax code allows you to take a deduction for expenses that you incur in an effort to create income. The allowance of these deductions encourages people to invest in things that increase their income—increasing taxes as a result. That is why most expenses related to a business are allowed as deductions, when those same items are not deductible when used for personal reasons.
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© 2013 M. Casey Murdock
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Murdock, M.C. (2013). Your Residence. In: Tax Insight. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-4738-8_27
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DOI: https://doi.org/10.1007/978-1-4302-4738-8_27
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Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4302-4737-1
Online ISBN: 978-1-4302-4738-8
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