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On August 2, 2019, Wendy purchased a new office building for $3.8 million. On October 1, 2019, she began to rent out office space in
On August 2, 2019, Wendy purchased a new office building for $3.8 million. On October 1, 2019, she began to rent out office space in the building. On July 15, 2023, Wendy sold the office building.
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Determine Wendys cost recovery deduction for 2019.
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Determine Wendys cost recovery deduction for 2023.
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