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What if the building was purchased and renovated prior to RC designation?

April 26, 2017building prior RC renovated

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What if the building was purchased and renovated prior to RC designation?

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The CR Deduction is available only to buildings placed in service after the RC designation and before January 1, 2010. If the building was purchased before RC designation, but the renovation was not completed until after RC designation, the renovation expenditures would be treated as a separate building for purposes of determining when it was placed in service and could qualify for the CR Deduction on that basis.