Question: FTL - 2 7 . A client recently purchased rental property and paid $ 3 , 0 0 0 in legal fees during the purchase.

FTL-27. A client recently purchased rental property and paid $3,000 in legal fees during the purchase. These expenses are:
Immediately deductible as rental expenses
Not deductible
Non-deductible personal expenses
Added to the property's basis and depreciated over time

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