Primary Market
An investor in a real estate limited partnership can take advantage of which tax benefit?
Real estate = depreciation. Oil/gas = depletion and IDCs.
Complete Analysis & Legal Rationale
Real estate limited partnerships allow investors to claim depreciation deductions on buildings and improvements. Depletion and intangible drilling costs are specific to oil and gas investments, not real estate.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Depletion is for natural resources like oil, gas, and minerals.
Matches the verified teaching point in the explanation.
Intangible drilling costs are specific to oil and gas drilling operations.
Percentage depletion is another form of depletion for natural resources.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA materials.