11/10/12
15 year recovery property costing $4,000,000 was placed in service in oct 2012.
there was no disposition of the property.taxpayer had taxable income of $1,175,000 before cost recovery deduction.whats the maximum cost recovery deduction for year 3?
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11/08/12
ABC purchased an apt building on july 2011 for $6m.$700,000 of these purchase price was allocated to land.calculate cost recovery deduction for year 1
abc purchased an apt building...
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