Once the More-Than-50% Business-Use Test Is Met for Listed Property,it

question 55

True/False

Once the more-than-50% business-use test is met for listed property,it does not matter if the business use falls below 50% in subsequent years.

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Definitions:

Individual Belongs

The feeling or state of being part of a group, society, or community, emphasizing the individual's connection and relationship with others.

Global Pattern

The widespread trends, behaviors, or occurrences that can be observed across various countries and cultures around the world.

Social Influences

The effects of societal norms, values, and behaviors on an individual or group, shaping their actions and decisions.

Life Crisis

A period of intense difficulty or instability in an individual's life, often prompting a reassessment of personal values and goals.