§ 212. Expenses for production of income
§ 212.
Expenses for production of income
In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—
(1)
for the production or collection of income;
(2)
for the management, conservation, or maintenance of property held for the production of income; or
(3)
in connection with the determination, collection, or refund of any tax.