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Property Tax Depreciation – What is it, and how does it help me as an investor? In general, Depreciation refers to the loss of value of an asset over time. Tax Depreciation is the term used when that asset is used for income-generating purposes as the eligible amount of deductions reduces the owner’s taxable […]
In Tom Wheelwright’s training course, he explains the three steps on how you can benefit from depreciation. First, you don’t immediately jump to the depreciation step. Instead, you do a few other steps first to make sure the tax benefits of depreciation are maximized. How much tax do you pay? If your tax liability is […]