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WNW Illinois, Henry Co | also remember if you have to sell, the IRS will want capital gains on anything above cost value. I just fill out two financials, one on pure cost value of real estate, reasonable value of depreciable assets and one statement of 80 percent of market value cause IRS will get the rest. i judge how i do by how the cost financial changes year to year. I present both to bank, tell them "your choice which to use". that will at least save them the trouble of figuring the way they want anyway
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Land Equity
