Let’s visit your business or rental building.
Here’s a fact: the repair deduction is worth far more after-tax cash than a depreciation deduction.
Depreciation Deductions—Strike 1
The depreciation deductions allowed on business or rental buildings are not in the same league with real deductions. Why not?
To the extent of gain on sale, you pay a special capital gains recapture tax of up to 25 percent of the straight-line depreciation you claimed on a building. Technically, the law considers this recapture tax on ... Log in to view full article.