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depreciable basis

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depreciable basis
See basis.


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Also, to the extent the debt is not reduced below the property's fair market value, it's possible to exclude the income on the discharge of indebtedness and reduce the depreciable basis of the building--as long as the debt proceeds were invested in the property.
At this time, the shopping center's adjusted depreciable basis is $1.
This may allow for a higher depreciable basis of the property and turn repairs into deductions.
 
 
 
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