When a partner pays ordinary and necessary business expenses on behalf of the partnership as required under
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Question:
When a partner pays ordinary and necessary business expenses on behalf of the partnership as required under the partnership agreement and can not get reimbursed for them, the partner:
A. deducts the expenses on Schedule E (form 1040) part 2 line 28
B. deducts the expenses on schedule A (form 1040) itemized deductions line 16
C. deducts the expenses on form 2106 employee business expenses
D. cannot deduct the expenses
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: