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    #1

    Depreciation not taken

    My client wants me to forego 2011 deprec on rental prop that was sold this month. I believe the clause allowed or allowable means that you will be charged for 2011 depreciation upon the sale even if it is not deducted. Correct??? Thank you.

    Dale Watkins 781 308 1895
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    #2
    Yes, you are correct.

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