If interest paid is attributed to the taxpayer's building which is under construction,the taxpayer must add the interest to the cost of the building.

Name: If interest paid is attributed to the taxpayer's building which is under construction,the taxpayer must add the interest to the cost of the building.
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Question

Quizplus · Accepted Answer

According to tax laws, interest paid during the period of construction of a building is considered a part of the building's cost and is added to it. Therefore, the statement is true.

If Interest Paid Is Attributed to the Taxpayer's Building Which