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- Demolition of an office building. How do you add the remaining tax basis to the underlying land?
Demolition of an office building. How do you add the remaining tax basis to the underlying land?
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ANW
Level 1
09-15-2021
12:01 AM
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PhoebeRoberts
Level 11
09-15-2021
09:35 AM
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You can either mark the asset as 1=delete this year, or show it as disposed of for net book value. Then either create an asset for the land, or just carry it on the balance sheet manually.
