How the Wealthy Use Depreciation to Reduce Taxes
The #1 way to reduce your tax bill is by using depreciation to buy commercial real estate. In today's show, I will demonstrate how I use real estate to reduce my income tax bill...
The term depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful life or life expectancy.
Depreciation represents how much of an asset’s value has been used.
real estate depreciation is perhaps one of the most underrated benefits of investing in commercial assets. Aside from the greater majority neglecting to recognize its existence, few people on the outside looking in can see past the profit margins that have become associated with commercial real estate.
Consequently, and to the surprise of many, commercial property depreciation is just as valuable as cash—if not more so.
Acting as a tax shelter for savvy commercial real estate investors, commercial depreciation contributes to investors’ bottom lines by reducing their taxable wages, adding a whole new meaning to the phrase “addition by subtraction.”
To create a universally applicable process, the IRS has set depreciation periods for real estate.
For residential properties, the depreciation period is 27.5 years. With the Cost Segregation Study we can accelerate our schedule….more on that later.
-----
This is not an offer, solicitation of an offer, to buy or sell securities nor a recommendation to buy or sell any securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges, and expenses, and should consult with a tax, legal, and/or financial adviser before making any investment decision. For additional information, visit www.cardonecapital.com/disclosures.
-
36:13
Grant Cardone
5 months agoFINANCIAL EXPERT REVEALS: The TRUTH about Federal Reserve | Danielle DiMartino Booth & Grant Cardone
6.45K18 -
1:37:00
The Podcast of the Lotus Eaters
6 hours agoThe Podcast of the Lotus Eaters #913
23.9K14 -
6:37
Chris Jericho
21 hours agoThe Unsolved Mystery & Murder of Rachel Morin
15.6K1 -
20:17
PARAGRAPHIC
1 day agoLeading the Way in Costa Rica's Culinary Scene | PARAGRAPHIC
19.1K1 -
9:00
Bearing
1 day agoMeet the Woman Trying Censor the WORLD! Australia's E-Safety Commissioner Mad with Power
13.9K25 -
9:10
DepressedGinger
15 hours ago7 MLB teams that are STRUGGLING with Attendance in 2024
19K9 -
3:32:48
Due Dissidence
20 hours agoMorning Joe and Hillary SMEAR Students, DNC Fears CONVENTION CHAOS, Carville MELTS DOWN Again
44.2K156 -
1:22:39
The Late Kick with Josh Pate
18 hours agoLate Kick Live Ep 512: Portal Winners & Losers | SEC Truths + Questions | Portal Winners & Losers
59.3K6 -
1:50:27
vivafrei
1 day agoEp. 210: Stormy Gags on Lies! Hunter Not Immune! AstraZeneca Pulled & MORE! Viva & Barnes
189K298 -
1:50:54
Jewels Jones Live
2 days agoUNDERSTANDING NEXTGEN MARXISM | A Political Rendezvous - Ep. 76
101K80