Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
use portion of home for business purposes. taken depreciation deuction since buying home 15 years ago.sells for $150,000, 5,000 is to depreciation. which is true?a. $5,000 of gain does not qualify for home sale exclusion.b. basis of new home is reduced by $5,000c. depreciation deductions do not affect exclusiond. depreciation deductions reduce the maximum exclusion amounti think it is C
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