What is the cost recovery deduction for a residential property in the eighth year of ownership if
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What is the cost recovery deduction for a residential property in the eighth year of ownership if the original cost of the improvements was $3,450,000 and the IRS chart permits a tax deduction equal to 3.636% of the original cost?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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