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Author Question: Jack purchases land which he plans on developing as a golf course. The land costs $20,000,000 and ... (Read 77 times)

abc

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on: Sep 13, 2020

Question 1

In January of 2016, Brett purchased a Porsche for $100,000 to be used in his business.  Brett drove the car 83 percent of the time for business. What is the maximum amount that Brett may deduct in 2016?

Question 2

Jack purchases land which he plans on developing as a golf course. The land costs $20,000,000 and the cost of clearing the land, earthmoving, constructing hazards, bunkers and greens, and installing irrigation systems will cost an additional $6,000,000. What tax issues should Jack consider?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by abc on Sep 13, 2020

lgoldst9

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

ultraflyy23

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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