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Let's discuss Jerry. He is a self-employed rock stock and this year he expended $1,000 on special "flashy" clothes and outfits. Jerry would like to deduct the costs of these clothes as work-related

Let's discuss Jerry. He is a self-employed rock stock and this year he expended $1,000 on special "flashy" clothes and outfits. Jerry would like to deduct the costs of these clothes as work-related because the clothes are not acceptable to Jerry's sense of fashion. Under what circumstance can Jerry deduct the costs of these work clothes?

Share another example of a business deduction that walks the fine line of being an acceptable deduction. what is the penalty or benefit

Aug 15 2021 View more View Less

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