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Investors & landlords
So with TTX, the net change of $0 means you do nothing in the program. Besides, like I said, if you change the cost basis of an asset, it messes up the depreciation stuff in the program. As for expensing the deductible, I can't see the IRS having an issue with that. Of course, if you spend more than the deductible and the amount including the deductible exceeds $2,500, I'd expect that to be a different ball game. Then there's that 2% rule thing for the safe harbor too.
‎October 8, 2022
6:58 AM