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Question 41 of 75. When rental property is not in service, expenses incurred during that period May all be capitalized and added to the basis

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Question 41 of 75. When rental property is not in service, expenses incurred during that period May all be capitalized and added to the basis of the property to be depreciated or may all be expensed in the current year O Must be expensed in the current year. This does not include mortgage interest and property taxes. O Will be capitalized and added to the basis of depreciable property, with the exception of real estate taxes paid during this period. May be deducted on a taxpayer's Schedule A when the property is mixed-use property. This includes 100% of the mortgage interest Mark for follow up

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