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All expenses > Built land
Built land
Tax audit risk
Easiness to justify
Easiness to justify
Deducted by81% of independentsRecommended by0% of independentsDo you deduct this expense?Would you recommend this expense?
Land is not amortizable
Did you invest in build land in the context of your business? You deduct this investment, in proportion to your professional use of it.
Please note that land, alone, is not amortizable – unlike a building.
A federal advantage, the deduction for investment, applies to specific investments. See here if yours qualify : https://bit.ly/3cVAjdO
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