What Is Depreciation In SFR Investing?
Depreciation is the periodic wearing away of property value over its economic life, providing tax deductions to investors.
Depreciation is the periodic wearing away of single family rental investment property over its economic life. The IRS provides for investors to claim a deduction on their income tax return for the wearing away and expensing over time of property or assets with more than one year of useful life. Vacant land is excluded from depreciation.
The information in this article is for educational purposes only and does not constitute tax, legal, financial, or investment advice. Consult a qualified professional before making investment decisions.