Homework Help: Income Tax

Posted by Andy on Wednesday, March 21, 2012 at 12:17pm.

Which of the following is not a "trade or business" expense?
A. Mortgage interest on a warehouse
B. Depreciation on business equipment
C. Mortgage interest on a personal residence
D. Cost of goods sold

is it C

Income Tax - Writeacher, Wednesday, March 21, 2012 at 12:19pm
Yes, C.

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