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Printable Form Instructions 1120-S Oxnard California: What You Should Know
For income tax purposes, “personal property” includes: furniture, clothing, food, clothing accessories, household appliances, appliances, furniture, electronic equipment, personal effects, electronic equipment, and computers and related software. 3. Allowed business expenses of any type can be deducted from wages paid or investment income earned by an individual, but such deductions should be limited primarily to business expenses necessary to be engaged in a trade, business, or profession.
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