Midwest CPA's Post
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Can land be depreciated? It's one of the most common questions we hear from real estate investors and the answer is more nuanced than a simple yes or no. Properly allocating a property's value between land and building can have a significant impact on depreciation deductions, tax planning, and IRS compliance. In this blog post, we break down five common methods used to determine land versus building cost allocation and the pros and cons of each. Click the link below to read the full article and learn more. š https://midwest.cpa/resources/can-land-be-depreciated/