...Kxrtnata.— • • ••••• (2) X'iN-TiiAiiE OB NON-BUSINESS BxpCRMa. — In the case of ail Individual, all the ordinary and necessary expenses paid or Incurred during the taxable year for the prodnctlon or collection of Income, or for the management, conservation, or maintenance of property...

...the case of an individual, there is allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income; for the management, conservation, or maintenance of property held for the production of income; or...

...Section 212 of the Code allows a deduction to an individual for all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income; for the management, conservation, or maintenance of property held for the production of income; or...

...case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses finally completed and accepted. Revenue Procedure 71-21, CB 1971-2, 549, sets forth Under the circumstances stated above, since the taxpayer purchased the insurance policy to indemnify...

...(1953). Section 212(1) of the Code allows an individual to deduct all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income. Section 212(1) applies to expenses incurred in existing profitseeking endeavors other than those that...

...case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, and for the management, conservation, or maintenance of property held for the production of income....

...case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income. Accordingly, since in the instant case the transportation furnished to H and W was for services H rendered...

...121 of the 1942 Act. As amended the statute (sec. 23 (a) (2), IBC) authorizes the deduction : • * * in the case of an Individual, all the ordinary and necessary expenses paid or incurred daring the taxable year for the production or collection of Income, or for the management,...

...ordinary and necessary expenses paid for the legal services and services of the guardian attributable to the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income that is ineludible in gross income. 26 CPR...

...nature are nondeductible. Section 212 allows as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year "for the...of income" or "for the management, conservation, or maintenance of property held for the production of income." Section 263 (a),4 on the other hand, denies...