One of the following statements is correct. A choice of by an individual of the Optional Standard Deduction means that: His/Her income tax return need not be accompanied by financial statements. S/he need not need keep books of accounts S/he need not have records of gross income His/Her choice can still be changed by filing an amended return.
One of the following statements is correct. A choice of by an individual of the Optional Standard Deduction means that: His/Her income tax return need not be accompanied by financial statements. S/he need not need keep books of accounts S/he need not have records of gross income His/Her choice can still be changed by filing an amended return.
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 6CPA
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Question
One of the following statements is correct. A choice of by an individual of the Optional Standard Deduction means that:
His/Her income tax return need not be accompanied by financial statements. |
||
S/he need not need keep books of accounts |
||
S/he need not have records of gross income |
||
His/Her choice can still be changed by filing an amended return. |
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