Asked by Janet
Della purchased a warehouse on Feb. 25, 2017 for $350,000. $45,000 of the price was for land. What is her cost recovery deduction for 2017?
How do I figure this??
How do I figure this??
Answers
Answered by
bobpursley
you can apply Cost Recovery to the building only. https://goodcalculators.com/macrs-depreciation-calculator/
You need a tax accountant.
You need a tax accountant.
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