The #1 Expense for Real Estate Investors in 2022
March 14, 2022
On todayā€™s episode of the LearnLikeaCPA podcast, we talked about the #1 expense for real estate investors to take advantage of in 2022.
I always like to say depreciation is the 8th wonder of the world. Itā€™s the most important and impactful expense for real estate investors to take advantage of. Remember, you can only depreciate the building value, and not the land. If you look at the Tax Assessment Statement on your county assessorā€™s website, you can see how much of the property value is in the building itself, and how much is assigned to the land. This is especially important if youā€™re comparing two similar properties - if one has more value assigned to the building, then that may be the way to go.
If you want to learn more about this powerful tax savings tool, be sure to check out todayā€™s episode!
