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  • Nov 9, 2007, 11:03 AM
    BAR833
    Income tax depletion
    How do you deplete land when you are digging a lake?
  • Nov 9, 2007, 02:19 PM
    AtlantaTaxExpert
    Depletion allowances do not apply to land!

    It applies to the resources UNDER the land, like oil or gold.

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