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Depreciation. It is the most beneficial deduction genuine estate! While your property is appreciating, you are permitted to depreciate it over the life of the building, is actually 27.5 years and take the deduction against your income. However, depreciation is allowed only against the building, land can do not be depreciated. For example, in order to own a building thats worth 100,000, value of the building might be only $80,000 and the need for the land is $20,000. Thus, you are allowed to take depreciation expense against the ne
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