Buying & Selling a Business
What is the number of years I will be able to depreciate the building I purchased when I bought my business ?
Generally buildings fall into the nonresidential real property category with a class life of more than 27.5 years which will be depreciated over 39 years.
Need Professional Help?
If you need help with "Buying & Selling a Business" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.