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When you purchase a property for business purposes, you generally cannot write off the entire purchase amount all at once as a business deduction. However, you can realize tax benefits through depreciation and other related expenses. First, you can depreciate the property's cost over its useful life, which is typically 27.5 years for residential real estate or 39 years for commercial real estate under the Modified Accelerated Cost Recovery System (MACRS). Depreciation allows you to recover the cost of the property by deducting a portion of its value each year. In addition to depreciation, you can also deduct the interest portion of any mortgage payments (if applicable) and property-related expenses such as property taxes, insurance, maintenance, and repairs as business expenses. Please note that the property must be primarily used for business purposes to take advantage of these tax benefits. If it's also used for personal purposes, you'll need to allocate the expenses and depreciation based on the percentage of business use.