This owner is a single site owner.
This property, like many funeral homes, is owned by a multi-generational family business. Though fully depreciated with the last generation, strategic planning for how the property would pass to the next generation meant that this property received a step up in basis as the next generation of the family gained ownership. This careful thinking in how the assets changed hands allowed for a significant savings for this property.
1st Year Depreciation Increase:
Type of Study: