Question: Clint, a self-employed engineering consultant, is contemplating purchasing an old building for renovation. After the work is completed, Clint plans to rent out two-thirds of

Clint, a self-employed engineering consultant, is contemplating purchasing an old building for renovation. After the work is completed, Clint plans to rent out two-thirds of the floor space to businesses and to live and work in the remaining portion.

Explain one relevant tax issue for Clint and describe the tax advantages and disadvantages of what he may be faced with

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