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    Federal Taxation
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    Exam 24: Itemized Deductions
  5. Question
    Assessments Made Against Real Estate for the Purpose of Funding
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Assessments Made Against Real Estate for the Purpose of Funding

Question 18

Question 18

True/False

Assessments made against real estate for the purpose of funding new street lights are not deductible in the year paid but rather should be added to the cost basis of the property.

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