In 2021, the IRS made effective the bonus depreciation, enabling investors to deduct their investment in a multifamily deal from their taxes to offset other capital gains. However, this bonus depreciation is phasing out, having reduced to 80% in 2023, and will continue to reduce by 20% per year. This means in 2024 it will be 60% through … Continue reading Depreciation Options in Multifamily Real Estate