Im building a 2 story small barn for my business.
Ive had a couple of people say 'pay for the garage from your business checking account'
my accountant says pay out of my personal because the deductable is not worth taking.
39 years is what the deduction gets divided out to and when you sell the house you will then have to pay taxes on whatever increase in value the garage gives you...so basically i will pay back in taxes when i sell the house everything i got in tax savings by deducting.
he's a very conservative guy who wont push the tax rules....he never seems to have any advice on how to hide/save my money from high taxes...
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