Normally, residential real estate gets depreciated over 27
Normally, residential real estate gets depreciated over 27 5 years and nonresidential real estate gets depreciated over 39 years. This might mean that a $1,000,000 property which consists of an $800,000 building and a $200,000 piece of land produces $20,000 to $30,000 a year of depreciation deductions. You can, however, use a trick called cost…
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