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a taxpayer who owns And operates two separate business activities can combine the income and
expenses on one schedule c. true or false
Solution
Answer: FALSE
Explanation:
Incomes and expenses relating to separate business activities cannot be combined. They have to
be reported in separate forms.

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a taxpayer who owns And operates two separate business activities ca.pdf

  • 1. a taxpayer who owns And operates two separate business activities can combine the income and expenses on one schedule c. true or false Solution Answer: FALSE Explanation: Incomes and expenses relating to separate business activities cannot be combined. They have to be reported in separate forms.