Discuss the difference between personal property and

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Reference no: EM13481965

1.To minimize a taxpayer's tax liability, recommend at least two (2) tax-planning strategies related to the timing of placing assets in service and the disposal of assets. Provide specific examples to support your response.

2.Discuss the difference between personal property and personal use property in determining cost recovery, and suggest at least two (2) reasons why there are restrictions on the deductions for listed property. Defend your position.

Reference no: EM13481965

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