Lucy purchased a new machine for use in her business she incurred the following costs with the purchase 2000 cash paid , 10000 finance, 500 delivery charge and 200 installlation charge. What s her basis in the machine

Paul wishes to claim the CTCIACTC by claiming his nephew, Jack, as a qualifying child dependent brings in Jack's middle school records showing that Jack's address is Paul's address. Assuming t eligibility requirements are met, what additional questions should the Tax Professional ask to meet requirements for CTCIACTC? 0 Does the child receive social security disability income? Is the child disabled? O Do the child's parents live with you? Why are the parents not claiming the dependent? O How did you keep track of your business income and expenses? O For what portion of the year has the child resided in the United States? How long has the child lived with Mark for follow up