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Capital expenditure not put into use
Hello-
I needed to purchase an above-ground replacement pool for my rental property- However, the contractor disappeared and the pool has not been put into use- I am afraid it may end up being unused and I will need to purchase another pool through a local pool installation service. is the cost of the pool which was not put into service deductible as an expense since it is not being depreciated anymore?
thanks.
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ā€ˇFebruary 17, 2020
5:05 PM