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How does Depreciation work with rental properties?
You can deduct your rental expenses from any rental income you earn, thereby lowering your tax liability. Most rental property expenses – including mortgage insurance, property taxes, repair and maintenance expenses, home office expenses, insurance, professional services and travel expenses related to management – are deducted in the year you spend the money. Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
The skinny
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