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Investing in real estate allows for depreciation deductions and tax breaks from "summary" of Tax-free Wealth by Tom Wheelwright
Investing in real estate can be a powerful tool for building wealth. One of the key advantages of investing in real estate is the ability to take advantage of depreciation deductions. Depreciation allows you to deduct a portion of the cost of your property each year, which can significantly reduce your taxable income. This can result in substantial tax savings and improve your overall cash flow. When you invest in real estate, you can also take advantage of a number of other tax breaks. For example, you may be able to deduct expenses such as property taxes, mortgage interest, maintenance costs, and insurance premiums. These deductions can further reduce your taxable income and lower your tax bill. In addition to depreciation and other deductions, ...
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