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Investors & landlords
There is no restriction in that regard.
But there may be a "gray area" for amounts of the threshold. For example, let's say an item costs $3000 and is 50% business use, would it qualify or not? The full cost is $3000, which would not qualify. But the business Basis would be $1500, which could potentially qualify. So that is a bit of a questionable situation.
May 1, 2021
11:58 AM