Leasing land provides a tax advantage to the lessee in that lease payments are tax-deductible, while there is no deduction for depreciation for a landowner.

Name: Leasing land provides a tax advantage to the lessee in that lease payments are tax-deductible, while there is no deduction for depreciation for a landowner.
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The statement is true. Lessees can deduct lease payments as an expense on their tax returns, while landowners cannot deduct depreciation on their taxes.

Leasing Land Provides a Tax Advantage to the Lessee in That