Internal Revenue Code section 212
id:
internal-revenue-code-section-212-324-471473
title:
Internal Revenue Code section 212
text:
Internal Revenue Code § 212 (26 U.S.C. § 212) provides a deduction, for U.S. federal income tax purposes, for expenses incurred in investment activities. Taxpayers are allowed to deduct all the ordinary and necessary expenses paid or incurred during the taxable year-- Section 23(a)(2) of the Internal Revenue Code of 1939, the predecessor to section 212 of the current Internal Revenue Code of 1986, was enacted as part of the Revenue Act of 1942, effective retroactively for tax years that began af
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_212
date created:
date modified:
2023-06-09T10:23:10Z
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image:
fields total:
13
integrity:
13