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Investors & landlords
NEVER under estimate the land value to increase the depreciation since you will only have to recapture it later when you sell it and that is taxed at a higher rate (in most cases) than the capital gains taxes ... you do yourself no favors in this matter. So if the land values are 40% of the purchase price then use that percentage happily.
‎September 26, 2020
10:57 AM