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Depreciation

Depreciation

What is Depreciation?

Depreciation is when a physical asset decreases in value due to wear and tear. Properties and items inevitably deteriorate over time so the IRS allows property investors and business owners to deduct the cost over its "useful life". Investors can depreciate up to the full cost of the item.

The Nophin team wrote a blog post describing depreciation and other deductions property investors can take.

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