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Taxpayer transfers a truck into her business on September 12, 2021. She purchased the truck on May 3, 2017 for $30,000. The truck is
Taxpayer transfers a truck into her business on September 12, 2021. She purchased the truck on May 3, 2017 for $30,000. The truck is valued at $20,000 at the time of the transfer. What is the MACRS basis for the truck? $20,000 O $10,000 $17,000 $30,000
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