Is There a Depreciation Deduction for Investment Property?

The decline in value for depreciation is the recognition of the wear andtear of the asset overtime. For example, if you go and make renovations to the property in one overtime, there will be general wear and tear for that particular renovation. So you are recognizing the wearanter expense within your tax retun which you can claim against your accessible income. If i have an investment property, and i put a new family room before june thirtieth this year, in my tax return for 20 22, lets a, the family room cost, you know, 50 thousand dollars. Canni, please deduct 50 thousand dollars, because it's a capital expenditure.