Question: Under Sec. 1 6 3 ( j ) , floor plan financing interest refers specifically to the interest associated with indebtedness on which of the

Under Sec. 163(j), "floor plan financing interest" refers specifically to the interest associated with indebtedness on which of the following?
a.
Acquisition of inventories to stock retail locations and distributor outlets.
b.
Costs incurred in commercial or residential construction prior to owner payment.
c.
Acquisition of motor vehicles held for sale or lease.
d.
Jet airplanes acquired by the Department of Defense (DoD).

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