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Solve the compound inequality and write the answer in interval notation. ≤ <
Recapture
A process whereby the IRS requires taxpayers to add back certain deductions or credits they have claimed in the past, often related to depreciation or tax credits.
Cost Recovery Deductions
Deductions that allow for the recovery of the cost of certain property over time, often through depreciation or amortization.
Schedule C
A financial document utilized by individual business owners to declare their business's earnings or deficits.
Deductible Expenditure
An expense that can be subtracted from gross income to reduce taxable income, often related to business or specified personal expenses.
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