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Classify the following properties. That is, state the applicable recovery period and applicable method under 168 for the following property: A bond held for investment
Classify the following properties. That is, state the applicable recovery period and applicable method under 168 for the following property:
- A bond held for investment
- An apartment building held as an investment.
- An office building and the land on which it sits, owned by an investor. Treat each of the two items separately.
- An automobile purchased for use in a taxicab business. It is available to drivers, but because of a recent citywide health craze, the cab has not yet been used.
- A new third floor, placed on top of a two story apartment complex? See 168(i)(6).
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