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Excess Business Interest Expense and Real Property Trade
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eduardo
Level 2
06-22-2021
10:11 AM
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The client has developed a real property with on or more building and has leased out the apartment units to individuals. I read if the business is in a real property trade or business as any real property development, the business can deduct all the business interest on the tax return. How can I elect to claim all the interest expense on Form 1065?
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