Posted 12/17/2014 22:09 (#4247743 - in reply to #4247482) Subject: RE: 179 Question re: Land purchase
IA
roarintiger1 - 12/17/2014 18:50
tmrand - 12/17/2014 18:38
Keep mind that if you ever sell the land, any improvements that have been depreciated will be subtracted from your initial cost. So any gain in price from that point will be subject to tax.
Unless 40 or so years have passed...........then nobody will remember what's been depreciated. :)
179 Question re: Land purchase
