Depreciation increases an investor's cash return
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An individual’s strategy is just as important a factor to consider when claiming the deductions available from an investment property as it is to obtain a comprehensive depreciation schedule outlining all of the depreciation that can be claimed.....
- The cost to rebuild
- Demolition and removal of debris
- An estimate of construction costs to replace the property
Rep Cost also allows owners to set a reminder to provide updated replacement costs for the property each year.