5,583,328
once you're licensed, you can join NAR and enroll in the GRI designmation program.....if I remember correctly, they touched upon this topic...
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Debe Maxwell, CRS
Charlotte, NC
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John Juarez
Fremont, CA
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Michael Jacobs
Pasadena, CA
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Lynnea Miller
Bend, OR
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Ron and Alexandra Seigel
Carpinteria, CA
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Pete Xavier
Pacific Palisades, CA
2,195,099
Residential over 27.5 years
Non Residential over 39 yrs.
-
Praful Thakkar
Burlington, MA
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Fred Griffin Florida R...
Tallahassee, FL
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John Juarez
Fremont, CA
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Michael Jacobs
Pasadena, CA
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Silvia Dukes PA, Broke...
Spring Hill, FL
3,350,439
That is a great question for a CPA.
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Nancy Frimann
Gilroy, CA
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Signature Homes & Estates
Gilroy, CA
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Eagle Ridge Realty
Gilroy, CA
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Nina Hollander, Broker
Charlotte, NC
2,190,137
Ask your CPA. This is one of the amazing benefits of owning investment real estate.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Pete Xavier
Pacific Palisades, CA
1,573,576
Residential 27.5 years
Commercial 39 years
Land never depreciates
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Nancy Frimann
Gilroy, CA
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Signature Homes & Estates
Gilroy, CA
-
Eagle Ridge Realty
Gilroy, CA
5,773,228
Daniel,
Like Carol Williams mentioned, talk to your CPA. They can educate you on this subject. We are not the ones with the expertise as this is a tax matter. A
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Pete Xavier
Pacific Palisades, CA
4,906,660
That is a great question for a CPA or tax attorney.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
957,092
My example is not interesting , YouTube may help here.
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Ron and Alexandra Seigel
Carpinteria, CA
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Barbara Todaro
Franklin, MA
7,870,793
2,222,275
Consult with your local Tax Advisor or Real Estate Attorney.
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Anthony Acosta - ALLAT...
Atlanta, GA
431,032
You can do straight line or double declining, maybe even sum-of-years method if your accountant will do it.
Google is another great source for things like this, if you do not want to speak with your CPA or attorney.
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Fred Griffin Florida R...
Tallahassee, FL
381,627
while I do have a basic knowledge I don't answer those questions for clients, I refer them to an accountant or CPA for their answers.
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Fred Griffin Florida R...
Tallahassee, FL
1,506,923
Talk to your accountant/CPA for depreciation details. Residential is over 30 years and commercial is 35 I believe. It's covered briefly in the exam cram course but wasn't tested on out here.
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Nina Hollander, Broker
Charlotte, NC
716,925
5,245,328
Your CPA, attorney, YouTube or just google it!
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Nina Hollander, Broker
Charlotte, NC
2,071,025
1,242,204
5,879,125
4,319,773
3,988,013
My accountant handles that so don't need to worry though I do know the years for residential and commercial.
4,434,177
3,986,308
1,598,452
1,712,876
4,800,132
3,416,038
It is most important to have a cpa show you how it works, what numbers to use and what it means. The one thing no one thinks about is how it affects you when you go to sell it. You pay now or pay your tax later. but you always pay
5,063,005
3,168,134
while I could explain it in detail to you, I won't. I also don't explain it to clients who buy investment properties, I tell them to talk to THEIR CPA about it.
1,554,928
6,424,502
I see that several have touched on this below, a good start, but you should dig deeper into this and contact a professional.
2,684,769
Have a working knowledge, but send your people to a CPA or tax attorney.
4,181,282
5,257,739
1,325,924
Depreciation is one of the advantages of owning investment real estate. You write off depreciation as an expense but it does not cost you any cash…thereby lowering your taxable income. Buildings are depreciated but not the land they sit on or bare land. For additional info, talk to an accountant, CPA, or tax professional.
5,116,278
Depending on what you are looking for, that's up to an accountant to do or an appraiser.
544,014