What is Depreciation?

What is depreciation? Depreciation is an annual non-cash expense allowed by the IRS for the wear and tear on property used in business or the production of income. What factors determine how much depreciation I can deduct? For real estate the basis for the depreciable...

What is an EAT?

By Ed Horan, Certified Exchange SpecialistĀ® For a number of years, real estate investors doing a 1031 tax-deferred exchange have wanted the option to purchase their replacement property before they had to sell their relinquished property. The IRS made this possible by...