Business, 30.10.2019 03:31 april861

During the current year, ivan begins construction of an office building and a hotel. he incurs $10,000 in property taxes during the construction of the office building and $15,000 for the hotel. which of the following statements is true of the property taxes during the construction period? a) ivan must capitalize the property taxes on both properties each year if an election is made. b) ivan must deduct the property taxes on both properties each year. c) ivan may elect to capitalize the property taxes on one of the properties while deducting the property taxes on the other for each year. d) ivan may elect to capitalize the property taxes for the properties in one year and then deduct the property taxes on the properties the next year.

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During the current year, ivan begins construction of an office building and a hotel. he incurs $10,0...

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