A Taxpayer May Not Deduct the Cost of New Curbing

question 58

True/False

A taxpayer may not deduct the cost of new curbing (relative to a personal residence) even if the construction is required by the city and the curbing provides an incidental benefit to the public welfare.

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Definitions:

Biotic Potential

The upper limit of reproductive ability for an organism when conditions in the environment are perfect.

Environmental Resistance

The sum of environmental factors like predation, competition, and disease that limit the growth of populations and maintain ecosystem balance.

Resource Supplies

The availability of materials, goods, or services that can be used to support life, industry, or economic activity.