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Bradley Beer of BMT Tax Depreciation discusses why deductions and assets are missed, and what the solution is.
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Owners of income producing properties are eligible to claim tax deductions for a number of expenses involved in holding a property, according to Bradley Beer, BMT Tax Depreciation.
Depreciation schedules should be arranged before and after any renovation.
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This could equate to an extra $50 per week in the investor’s pocket, showing the value of claiming depreciation correctly.
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