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Tom owns a ski chateau that he lived in for 4 weeks and rented to unrelated parties for 1 2 weeks during the current year.
Tom owns a ski chateau that he lived in for weeks and rented to unrelated parties for weeks during the current year. Toms income and expenses related to the cabin were as follows:
Rental income
$
Maintenance
Utilities
Taxes
Interest
Depreciation
What amount of depreciation may Tom deduct from rental income under the Bolton case?
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