topic Can vancant land purchase be deducted as an expense on Schedule C in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/can-vancant-land-purchase-be-deducted-as-an-expense-on-schedule-c/01/724575#M29128 <P>The land is being used for material storeage</P> Thu, 06 Jun 2019 15:27:23 GMT dritz 2019-06-06T15:27:23Z Can vancant land purchase be deducted as an expense on Schedule C https://ttlc.intuit.com/community/business-taxes/discussion/can-vancant-land-purchase-be-deducted-as-an-expense-on-schedule-c/01/724575#M29128 <P>The land is being used for material storeage</P> Thu, 06 Jun 2019 15:27:23 GMT https://ttlc.intuit.com/community/business-taxes/discussion/can-vancant-land-purchase-be-deducted-as-an-expense-on-schedule-c/01/724575#M29128 dritz 2019-06-06T15:27:23Z No.  Land is capitalized and no depreciation allowed. https://ttlc.intuit.com/community/business-taxes/discussion/no-land-is-capitalized-and-no-depreciation-allowed/01/724580#M29129 <P>No.&nbsp; Land is capitalized and no depreciation allowed.</P> Thu, 06 Jun 2019 15:27:25 GMT https://ttlc.intuit.com/community/business-taxes/discussion/no-land-is-capitalized-and-no-depreciation-allowed/01/724580#M29129 Rick19744 2019-06-06T15:27:25Z