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How Does Real Estate Depreciation Work?

In this video, Millionacres explains the concept of depreciation and what rental property investors should know about this common tax deduction. Depreciation can be applied when the cost of assets that have a useful life of one year or more can be deducted over a longer period of time. Because there are many taxes involved with owning and maintaining a rental property, depreciation can be a very attractive benefit to real estate investors.