180. Taking Advantage of Taxes in Self Storage | Leveraging Depreciation w/ Yonah Weiss
Self Storage Income
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What Is Accelerated Depreciation?
accelerated depreciation is not what it sounds like. It's actually just a borrowed term for a tax deduction. We're able to identify the value of those components and depreciate those components separately on faster schedules. So essentially we're taking a little bit every single year, about two to three percent of the property value every single year. The IRS is giving us a tax benefit because we're investing.
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