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    Exam 21: Property Transactions: Capital Gains and Losses
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    Taj Corporation Has Started Construction of a New Mall with a Cost
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Taj Corporation Has Started Construction of a New Mall with a Cost

Question 14

Question 14

True/False

Taj Corporation has started construction of a new mall with a cost estimate of $50 million.The mall is expected to be ready to open in 18 months.Taj cannot deduct the interest expense on the construction loan.

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