Posted 1/17/2021 17:53 (#8759318 - in reply to #8759245) Subject: RE: What about a c corp
S Illinois
Corporations cannot expense(take depreciation) bare land, just like individuals. Only interest, carrying cost, property taxes are expenses. The purchase price will have to use after tax corp income.
Edit: This is likely also why wind/solar like to rent at high prices instead of buy. Rent is deductible while land is not.
Land trust
