Turning 12 years to 12 months and foreclosures to income

Publication 946 (2016), How To Depreciate Property “Placed into Service”

Any other horse (other than a race horse) over 12 years old when placed in service. ….. Any deduction under section 179B of the Internal Revenue Code for capital costs …. you place property in service and in the year you dispose of the property. … Use this convention if neither the mid-quarter convention nor the mid-month …

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