How to maximize your depreciation?

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By Eric Martel. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode I discuss a depreciation method that could significantly reduce your tax liability.

Did you know you have a choice when it comes to the depreciation method you use?

With the tax reform of 2018 you can now apply component depreciation to existing building not just new construction. 2018 also extended 100% bonus depreciation on building components with tax recovery period of 20 years or less.

I also talk about how this depreciation affects your taxes depending on your classification as a tax payer.

16 episodes