Question: true or false 1. In most cases, no deduction will be allowed under IRC 179 for property converted from personal to business use . 2.

true or false

1. In most cases, no deduction will be allowed under IRC 179 for property converted from personal to business use .

2. If a taxpayer who has been audited is unable to substantiate a deduction, the entire deduction will be disallowed.

3. A taxpayer may make a revocable election to apply an alternative MACRS depreciation method to depreciate residential real estate.

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