1. Summarize how depreciation is used to reduce the income from a real estate investment. 2. Briefly...
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2. Briefly explain how the interest paid on the mortgage of a real estate investment reduces one's income taxes.
3. Summarize the special income tax regulations on renting out vacation homes.
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1 Depreciation is the decline in value of an asset over time due to normal wear and tear and obsoles...View the full answer
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