Determine Janice cost recovery deduction

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Problem - Janice acquired an apartment building on June 4, 2019, for $1,600,000. The value of the land is $300,000. Janice sold the apartment building on November 29, 2025.

Required -

a. Determine Janice's cost recovery deduction for 2019.

b. Determine Janice's cost recovery deduction for 2025.

Reference no: EM132657241

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