There is a possibility that you can expense the depreciation of the real estate (building) portion and the annual management fees.
We have prepared our company's perspective on the tax and accounting treatment regarding the purchase amount and post-purchase costs, so please refer to it. For details, please consult with a tax accountant or accountant.
Our Company's Perspective: General accounting and tax treatment considerations when Co-Owners make a purchase
The above is a general perspective on accounting and tax treatment and is not guaranteed by our company. The actual applicable treatment may differ from the above depending on the purchaser's usage and income situation. It is recommended to consult with an accountant or tax accountant.