My wife owned a flower store many years ago before she decided "girl jobs suck". We "did creative things" with our taxes and when she sold the business for what we paid for it Uncle Sam came back at us and "recaptured" about $20,000 in depreciation. That is something to think about if you are depreciating a building that will eventually sell for a profit (or, like in our case, sell at exact cost).
When I asked the accountant, he said he expected us to lose money on the deal.
