AL04
Level 1
12-07-2019
04:24 AM
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itonewbie
Level 15
12-07-2019
04:24 AM
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Not deductible for federal tax purposes. It's an expense, nonetheless, and will reduce cost basis.
Do you have a state return that allows itemized deduction which either does not conform to the IRC or has decoupled from TCJA?
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