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What is the depreciable period, in terms of the QBI deduction, for a vehicle? 5 years....

What is the depreciable period, in terms of the QBI deduction, for a vehicle?

5 years.

7 years.

6 years.

10 years.

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Answer #1

Solution: 10 years.

Explanation: Vehicles are included in qualified tangible depreciable property. The period of depreciation is the longer of 10 years or the depreciable life of the vehicle for tax purposes.

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