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burned-out tax shelter |
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burned-out tax shelter An investment that has exhausted most of its tax-sheltering benefits.For properties taking advantage of bonus depreciation of up to 50 percent for the first year placed in use,the shelter can be burned out by year 2. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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