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Currently, a valuable income tax deduction related to real estate is for depreciation, but the depreciation period for such property is long and land itself isn’t depreciable. Whether real estate is occupied by your business or rented out, here’s how you can maximize your deductions.
November 20, 2017 Stuart Mordfin, CPA, CGMA depreciation, business real estate, section 179, residential rental real estate, tax year, asset acquisitions, depreciation deduction, deductible asset, ground lease, estate for years, income tax deduction, depreciation period, segregate personal property, improvements to land
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