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Alicia owns depreciable real property that needed extensive repairs and maintenance this year. She is in a lower tax bracket this year than she expects
Alicia owns depreciable real property that needed extensive repairs and maintenance this year. She is in a lower tax bracket this year than she expects to be in future years. Which option would likely provide the best opportunity to defer deductions until later tax years?
The election to capitalize repairs and maintenance.
The safe harbor election for a small taxpayer with an eligible building.
The Section 179 deduction.
The de minimis safe harbor election.
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