USA | jdironman - 11/16/2023 18:25
Land return is a bit more complicated than just what returns are. You put money in CD’s and you will pay whatever your tax rate is in taxes. So say you buy the farm, here you can write off tile and improvements this year at 80% up front. Than say you borrow 40% on 10000 land which is deductible, depending on tax rates it is not quite that simple to compare returns. I am not saying buy land or now is time to jump in but land purchase is different numbers to different people.
How is borrowing $4000 on $10,000 land tax deductible? |