Click here to go back to An Overview of the Three D's of Real Estate Tax.
The IRS understands that overtime, your house costs money to maintain. They allow you to deduct money from your taxes to account for the costs of a depreciating house. The great thing is that all interest in Real Estate know that it generally goes up in value over a long enough period of time. So, while your investment goes up in value, you are still able to deduct from your taxes it's depreciation.
If this article sparks your interest, I would recommend going straight to the IRS to get more information. Here is what you'll need to know.
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