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Determining frank personal itemized deductions

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Question - Frank paid $3700 in fees for an accountant to tabulate business information (Frank operates as a self-employed contractor and files a Schedule C). The accountant also spent time tabulating Frank's income from his investments and determining Frank's personal itemized deductions. Explain to Frank whether or not he can deduct the $3700 as a business expense or as an itemized deduction. Provide cites / IRC Section to your answers.

Reference no: EM133151806

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