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Interest expense and real estate taxes incurred during construction of a rental real property improvement / building generally must be: a. deducted from the resale
Interest expense and real estate taxes incurred during construction of a rental real property improvement / building generally must be:
a. deducted from the resale price of the property as cost of goods sold
b. Expenses during the construction period as an operating expense
c. Included in the depreciable basis of the property once placed in service
d. Amortized over 5 years
e. None of the above
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