trade expense
Noun
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Ordinary and necessary expenses incurred in a taxpayer's business or trade (synset 113297353)
is a type of: disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)subtypes:
- organization expense - the cost (over a period of five years) of organizing a new corporation or partnership
- promotional expense - the cost of promoting a product
same as: business expense
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