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  3. legal fees associated with buying the property is:

Legal fees associated with buying the property is:Select one:Current expense and should be deducted from...

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Accounting

Legal fees associated with buying the property is:
Select one:
Current expense and should be deducted from rental income.
Not deductible as current expense but must be added to purchase price of the property to arrive adjusted cost base.
Deducted on Line 23200 ?of T1 ?General under other deductions.
Neither current nor capital expense, its just a recapture of capital cost.
Clear my choice
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