Ralph <daytonohio10[at]sbcglobal.net> wrote:

- quote -

Your (deductible) interest payments will decrease or go away.

- quote -

No effect on depreciation.

Seth

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I really hope my question is not too simple for posting
here. But tax consequences can be very complicated, so I am
asking for advice..

A few months ago I bought a commercial office building, and
I (my business) occupy part of it.

I have a loan which has no restrictions on prepayment.

I am in a financial position now where I am able make
additional payments on the principal.

What are the questions/ ramifications I should consider
before pre- paying this loan?

I admit this appears to be a very simple question. In part
I am wondering about consequences, if any, on tax
deductions, and depreciation...

I thank you all in advance. If I have omitted important
facts, I will do my best to answer any questions.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >