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Business & farm
You are probably not going to get into serious trouble for entering expenses on your tax return that you can reference to a bank or credit card statement, assuming they appear reasonable. However, it is possible that they could be denied in the event of an audit. So, if you do report them on your tax return, keep whatever documentation you have supporting the deductions, but be aware that the expenses could be denied in the case of an audit.
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‎April 3, 2023
4:15 PM