That's called depreciation," Lavdas says. The process of rental property depreciation involves writing off or subtracting rental property expenses on your annual tax returns.

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, marks a pivotal shift in taxation policy. In the bill, the ...

On three occasions, the National Bank’s intervention and the sale of 169 million dollars halted the depreciation process, but only temporarily. The depreciation in May-June is mainly attributed ...

Innovative new software specifically designed to modernize tax and fixed asset depreciation tracking for asset-intensive businesses.ATLANTA, May 16, 2023 (GLOBE NEWSWIRE) -- Lucasys, the leading ...

At the end of 27.5 years, investors do a 1031 exchange and start the depreciation process all over again. By contrast, families can’t claim a depreciation expense, and they must pay capital ...

According to the new study, the average depreciation rate for electric vehicles is 56.6% versus 38.2% for the average gasoline car.