Despite depreciation recapture, which is when you have to pay taxes on the amount you depreciated while owning the property, the amount you may save in taxes each year will likely outweigh the tax bill.
One of the most well-known benefits is depreciation, which allows you to deduct a portion of a property’s value from your taxable income each year. This reduces the overall tax burden. Despite depreciation recapture, which is when you have to pay taxes on the amount you depreciated while owning the property, the amount you may save in taxes each year will likely outweigh the tax bill.