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?

Answer rating: 100% (QA)

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