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Investors & landlords
Add your demolition costs to the cost of the new structure
No.....add the demolition costs to the cost of the land BUT it may not matter much.
I would expect any Section 1250 gain to be treated short term
There's no "Section 1250 gain"....or maybe you meant unrecaptured Sec 1250 gain but there's none of that either.
‎December 16, 2021
9:03 AM