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TAXATION - University Of Southern California
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Tax - The University Of Chicago
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Www.law.nyu.edu
( B required to live in a nice suite at the hotel and eat meals in hotel increases and accelerates amount of depreciation deductions allowed to owners of property financed through debt (get depreciation At $22,800, you go up to 30% (21% phase-out plus 10% explicit MTR). After ... Read More
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Gets to live at hotel and get groceries to eat? Not excluded b/c must be meals not groceries. Example- rental apt bldgs can be replaced w/ rental office bldg b/c both have same use to owner How it works- little or no money in or out, but get lots of tax deductions. ... Document Retrieval
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23 August, 2000
The entertainers were upset by the fact that they didn’t get free meals, and the casinos The assumption is that taxpayer has no other option but to eat out when staying in Contractor vs. self-constructor costs for crane. For a contractor, the rental costs of a crane get ... Read More
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