Joe ji purchased an office building this year that he plans, Ask an Expert

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Joe Ji purchased an office building this year that he plans on renting out for $300,000. Of the $300,000 purchase price $50,000 was attributed to the land.

Since the property is used for commercial rental purposes, Joe can depreciate the building on a straight-line basis over a 39 year period.

How does this affect your taxes and what are some recommendations would you give?

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Financial Management, Finance

Category:- Financial Management
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