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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: GuinnessGuy who wrote (117757)2/16/2009 1:03:05 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Actually, depreciation of real estate may be more realistic in the near future. It already is for some right now.



To: GuinnessGuy who wrote (117757)2/17/2009 10:38:51 AM
From: Freedom Fighter  Read Replies (1) | Respond to of 132070
 
GG,

You can't depreciate land. For tax purposes, land and the actual building structure are separate.