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What Are The Tax Consequences When You Sell An Industrial Building That Was Used For Business And Was 100 Percent Depreciated?
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You're going to take a beating. The land doesn't depreciate but since the building is valued at zero dollars the sale price will be treated as 100% profit for tax purposes. Sounds like you need a tax attorney. There is a good article here: www.thinkglink.com
answered 1 year ago
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