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Capital assets like buildings, machinery or equipment generally cannot be written off in one year. Even if you claim sec 179, which will allow you to write of 100% of the purchase price, on some furnishing or equipment, you cannot claim sec 179 on real property like a building. A nonresidential business property has to be depreciated over 39 years. It means that you will be deducting 1/39 of the purchase price for the next 40 years.
In addition, if you are not 59 1/2 or older the distribution will be subject to 10% early distribution penalty.