§ 212

§ 212. Expenses for production of income

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In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable yearâ”

(1)
for the production or collection of income;


(2)
for the management, conservation, or maintenance of property held for the production of income; or


(3)
in connection with the determination, collection, or refund of any tax.

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