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This Resource Guide will answer all of your questions about this deduction, including: • What property qualifies for either the 50% or the 100% deduction? • What basis do I use to calculate the deduction? • How does the new deduction affect the AMT depreciation adjustment? • Is the deduction mandatory? • Can I choose which assets I want to claim it on? • Does a short tax year affect its calculation? • How is the 40% test for the mid-quarter convention affected by it? • Is it applied any differently to listed property? |
