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LANDLORDS: Are you Taking Advantage of the Magic of Depreciation?
If you ever mailed an envelope containing a monthly payment to a landlord, you qualify as a rent payer. What you might not realize is that the owner of that real estate is getting lots of deductions for expenses related to owning property.
What Does it Mean to be a Real Estate Professional?
Let's dispense with one myth: Real Estate Professional status does not mean you have to hold a real estate license. Rather, it is a designation you obtain by meeting certain specific requirements.
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