Demolition of an office building. How do you add the remaining tax basis to the underlying land?

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Demolition of an office building. How do you add the remaining tax basis to the underlying land?

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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.

Demolition of an office building. How do you add the remaining tax basis to the underlying land?

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