write me a summary describing federal tax code 183 including important facts,regulations, and expectations. Also provide an example scenario in which the code is effective and ineffective. Thank you!

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter2: Working With The Tax Law
Section: Chapter Questions
Problem 7DQ
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write me a summary describing federal tax code 183 including important facts,regulations, and expectations. Also provide an example scenario in which the code is effective and ineffective. Thank you!
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