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November 12, 2024
Question

Simple Trust depreciation and amortization

  • November 12, 2024
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If there is a simple trust and the beneficiaries are suppose to get all the income, does it stand to reason they would get all the deduction for depreciation and amortization unless the document states there should be a depreciation reserve?  The document only gives permission for a reasonable reserve for land improvements. and d

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Employee
November 12, 2024
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