Techie Ted operates as a consultant on technical matters to start up businesses. Ted's average gross receipts for the past three years is $3,000,000. He operates the business from a very old building he purchased for $950,000. In 20x2, Ted spends $17,000 improving the property. How much of the $17,000 may Ted deduct on his tax return? a. None, since it improves the property. b. $19,000 since that is less than 2% of the basis of the property. c. $10,000 since that is the maximum deduction allowed per year for qualifying small businesses. d. $17,000 since that is the amount spent and Ted is a qualifying small business taxpayer