If you have a rental property,
You might be missing out on a HUGE Tax Strategy
Most likely, you are depreciating it over 27.5 years if it is a residential property
Or 39 years for commercial properties
Instead of depreciating a residential property over 27.5 years
You can actually accelerate a portion of the depreciation over 5-15 years, NOT 27.5 years
3 Family Home with a cost of 1,000,000
Depreciated over 27.5 years
Tax Deduction: $36,363 Every Year
With my Tax Strategy:
Assuming 30% of the home qualifies for accelerated depreciation
Tax Deduction: $68,312 in Tax Deduction Every Year
That is $31,949 in new tax deductions
And if you are in 30% bracket,
You saved $9,584.70 on this TAX STRATEGY alone!
How do I know this Tax Strategy?
I have spent YEARS learning the Tax Code and Tax Strategies to benefit YOU!
Let’s talk about it
We can talk about your current tax situation and I’ll tell you how much you overpay in taxes
And we will come up with a Tax Plan that can save you 10s of 1000s of dollars on your tax bill
Book your FREE session with me: https://calendly.com/borismtax/sstax/