Question: Indicate whether the following statements are True or False regarding 2 1 2 expenses. a . Section 2 1 2 expenses may be for AGI

Indicate whether the following statements are "True" or "False" regarding 212 expenses.
a. Section 212 expenses may be for AGI or from AGI.
b. Section 212 allows deductions for ordinary and necessary expenses paid or incurred for the production or collection of income.
c. Section 212 permits a deduction for all ordinary and necessary expenses paid or incurred in carrying on a trade or business.

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