Question
John purchases residential rental property on June 30, 2021 for a cost of $290,000. Of this amount, $140,000 is allocable to the cost of the
John purchases residential rental property on June 30, 2021 for a cost of $290,000. Of this amount, $140,000 is allocable to the cost of the home and the remaining $150,000 is allocable to the cost of the land. What is John's maximum depreciation deduction for 2021?
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Handbook Of Energy Audits
Authors: Albert Thumann, Terry Niehus, William J. Younger
7th Edition
1420067915, 978-1420067910
