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Hua purchased 10 acres of land in the country for $210,000 as an investment. She leases the property to a local nature club whose members
Hua purchased 10 acres of land in the country for $210,000 as an investment. She leases the property to a local nature club whose members use it for hiking and bird watching. As a result, Hua can deduct $0 in depreciation from her taxes. If the gross annual rental income on Hua's property is $21,000 and she is taxed at the marginal rate of 25%, then she will be able to save on her taxes as a result of the depreciation deduction
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