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vettewiz t1_jaacifc wrote

Reply to comment by chris886 in Taxes for a small business that I don’t plan on drawing income from? by chris886

Remember the big tax savings, depreciation of the property.

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chris886 OP t1_jaacqgg wrote

Doesn't property value appreciate though, generally speaking?

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vettewiz t1_jaad1iv wrote

Not until you sell it. On a given year, you will deduct the purchase price of the property (minus land value), divided by 17.5 I believe. IRS uses a depreciation schedule of 17.5 years for real property.

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