Depreciation on rental property is an A. expense deductible against income B. out-of-pocket expense to the owner. C. Item which must be capitalized. D. Itemized one-time deduction.
Depreciation on rental property is an A. expense deductible against income B. out-of-pocket expense to the owner. C. Item which must be capitalized. D. Itemized one-time deduction.
Chapter16: Real Estate And High-risk Investments
Section16.2: Take Advantage Of Beneficial Tax
Problem 1CC
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A. expense deductible against income
B. out-of-pocket expense to the owner.
C. Item which must be capitalized.
D. Itemized one-time deduction.
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