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1. Bonus depreciation cannot be taken on a property used 50% or less for business. a) True, why? b) False, why? 2. Individual taxpayers deduct

1. Bonus depreciation cannot be taken on a property used 50% or less for business. a) True, why? b) False, why?

2. Individual taxpayers deduct expenses related to a rental activity from gross income to arrive at AGI. a) True, why? b) False, why?

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