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The Depreciation Myth With Real Estate Investing
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Fact: Depreciation is an expense that real estate investors can take to offset some of their income
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In general the annual expense is the purchase price (minus a few things) divided by 27.5 years.
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In general the annual expense is the purchase price (minus a few things) divided by 27.5 years.
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Even if the home appreciates, you can still take a depreciation expense.
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As a Chartered Financial Analyst with several decades experience investing in real estate I want to dispel a myth.
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I've seen so many real estate "experts" give misinformed tips about depreciation.
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It is a myth that depreciation is a tax free benefit.
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When it's time to sell there is a "depreciation recapture" tax.
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Depreciation Recapture is basically a capital gains tax recapturing all of the depreciation
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Depreciation recapture exists and is applicable
even if the investor never depreciated
their real estate.
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This tax hits close to home for us. We had to write a check to Uncle Sam this year that could have bought a house.
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