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What Is the Proper Tax Treatment of Capital Improvements for a Residential

Question 59

Multiple Choice

What is the proper tax treatment of capital improvements for a residential or commercial rental property?


A) IRC section 179 may be claimed.
B) Can be deducted as ordinary expenses.
C) Must be depreciated using the double-declining balance method.
D) Must be depreciated using straight-line over 27½ or 39 years.

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