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EPISODE · May 16, 2021 · 6 MIN

What is Depreciation?

from Success Trajectory · host Teo Bogdan

A reduction in value of a property and asset due to wear and tear assessed by the IRS. Which is awesome because that is x amount less that you will have to pay in taxes. We all know that real estate appreciates over time, your property goes up in actual value - it depreciates according to the IRS and you will pay less in taxes. This is again why real estate is the best thing EVER.

Episode metadata supplied by the publisher feed · Published May 16, 2021

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What is Depreciation?

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