To Be Considered Predominately Used in a Trade or Business

question 108

True/False

To be considered predominately used in a trade or business under the listed property rules, more than 75% of an asset's total use for each taxable year must be related to the taxpayer's trade or business.

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Definitions:

Committed Suicide

The act of deliberately taking one's own life.

Carolus Linnaeus

A Swedish botanist, physician, and zoologist, known as the father of modern taxonomy for his work in classifying and naming organisms in a systematic way.

Skin Color

The pigmentation of someone's skin which is primarily determined by genetic inheritance and exposure to sunlight.

Geographic Location

A specific place or position in physical space that can be determined by coordinates such as latitude and longitude.