Introduction to Deductions: General, Specific, Denied

It’s all about deductions in this high level overview, including an explanation of what constitutes a general deduction, some specific deductions, disallowed or denied deductions and more.

In this session, we cover:

• Overview of deductions

• General deductions - Section 8-1

• Specific deductions - Section 8-5 & Division 25

• Denied deductions - Section 26

• Prepaid expenses - Prepayment rules