Real Estate Depreciation TReXGlobal.com 1.0 |
|
|
When an investor purchases an income producing asset, like an investment property for their rental business, they don?t get to immediately write off the acquisition cost of the asset. Instead, the cost of the asset must be recovered over the useful life of the asset. This is called depreciation, and the IRS has ruled that residential rental property is depreciable over 27.5 years. Depreciation is a phantom paper expense that reduces your...
|