Do you own business real estate? These Depreciation-related breaks may help you.
- March 21, 2019
- Posted by: Ryan Carriere
- Category: Accounting & Bookkeeping, Tax, Tax Legislation
One of the benefits of owning a commercial building has been provided by the tax code in the manner of depreciation write offs. While commercial buildings and improvements generally are depreciated over 39 years, special tax breaks that allow deductions to be taken more quickly are available for certain real estate investments. Unfortunately, land is