Depreciation

Depreciation refers to the decline in value of an asset over time due to wear and tear, obsolescence, or other factors. In real estate investing, depreciation is generally a tax deduction that can allow property owners to account for the gradual loss of value of their properties. Tax aspects of such investments can be complex and may differ depending on the property or offering and on individual tax circumstances. Neither CrowdStreet or its affiliates offer tax or legal advice. Investors are strongly encouraged to seek advice from qualified tax professionals and/or legal experts regarding the tax consequences based on their particular circumstances.