1. Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her...
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1. Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $20,000, and her insurance company paid $5,000 towards its cost. The pool increased the value of Linda’s house by $7,000, and it has a useful life of 10 years. How much of a deduction is Linda entitled to in the year of installation of the pool?
$ ____________ Explain ________________________________________________________________ ________________________________________________________________________ _________________________________________________________________________
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Related Book For 
Income Tax Fundamentals 2011
ISBN: 9780538469197
29th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller
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