TP$514$ November Tax Planning $-,$ A My Dashoord

Question $78$ of $85$

figm purchased a small duplex for use as a rental property. After the property was placed in service, he made some

Qumm is isarr improvements, and later in the year, he made some repairs to the property. Which of the following statements regarding the treatment of the expendinures is CORRECT?

AN The improvements are currently deductilite; the repairs must be capitalised.

B$)$ The inprovements and repairs are currently deductible.

$4$

$$ The improvements and repairs must be capitalized.

D$)$ The improvements must be capialized, the repairs are currently deductible.

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