barn. Thursday , August 10th , 2017 - 10:55:09 AM
Depreciation is a non-cash tax shelter deduction. In full compliance with the tax code, you get a deduction that is not an operating expense and therefore does not affect your cash flow. Moreover, depreciation can shield some or all of your property's year-to-year income from taxation and in some cases when the depreciation deduction is large enough, it can even exceed the amount needed to shelter the property's own income and provide tax shelter for other investment income as well.
Remember, most mortgage payments consist of principal and interest, but only the interest portion of the mortgage payment is deductible. For our example, we'll say that mortgage interest is $17,559.
From outside the shelter at night you could see orange flames peek beyond the mountains turning the black smoke above them to a red sky, only a few miles from the Sierra Vista school serving as an emergency shelter. Usually in disaster response the event goes through first Tornadoes, hurricanes, sometimes flooding. But with fires the survivors get to watch. For responders this creates an added variable. Im a retired therapist, and though I do not believe we do clinical therapy in crisis response, we try to help stabilize those most dazed, anxious, agitated, despondent, or aggressive.
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