Depreciation and Tax Deductions for Income Property

When you buy real estate, you get a non-cash expense that contributes to depreciation. Learn how you can get a deduction without having to come up with cash for depreciation.

This is an excerpt from The Creating Wealth Show, Episode 367.

What You'll Learn in the Full Episode:

-What is depreciation and how can it save you thousands every year
-How the IRS distinguishes between a real estate professional and non-professional, and why it makes a difference on your tax return
-Why “active material participation” so is important
-The down and dirty details of Jason’s IRS audit
-Why is the IRS interested in real estate professionals all the sudden?
-1031 exchanges and taxes
-What the IRS thinks about property management companies
-How to prove you ARE an active property manager
-The value of a home-based business, even to hourly workers

Listen to the FULL Episode Here: https://www.jasonhartman.com/cw-367-mtm-segment-real-estate-taxes/