Property Ownership
An Indiana commercial property sale that includes business assets (equipment, inventory) in addition to real property should:
AOnly include the real estate in the purchase agreement
BSeparately document and value the personal property to properly allocate the purchase price between real and personal property for tax and legal purposes✓ Correct
CInclude all assets in the real estate deed
DAlways use only one combined purchase price with no allocation
Explanation
When personal property is included in a commercial sale, proper allocation of the purchase price between real property and personal property is important for tax purposes (depreciation, capital gains) and legal clarity.
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