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Get your taxes done using TurboTax
You do not deduct the cost of a building. A building is a depreciable asset. So, when you start using it, you will start depreciating the building. You will include the $3,000 along with whatever more you paid this year as the purchase price part of the cost basis.
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‎April 12, 2024
8:23 AM
5,094 Views