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 California Form 3885 L Depreciation and Amortization California Form 3885 L Depreciation and Amortization 2022

3885l 2022-2025 Form

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Video instructions and help with filling out and completing California Form 3885 L Depreciation And Amortization California Form 3885 L Depreciation And Amortization

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Instructions and help about ca and amortization

michael velasco provident accounting services i'm going to talk today about my favorite subjects matter and that's depreciating rental properties so today let's talk a little bit about what it takes to depreciate a rental and what are the advantages of owning real estate and being able to depreciate those rentals so let's get going so i'm going to stay pretty high level in this video i'm going to keep it very very basic for you so you can easily understand it retain the information and then use it on your tax returns so let's talk about the time frames first you can depreciate a residential property and that's what i'm going to focus on today i'll do another video on commercial at another time but 27 and a half years is what the irs says we can depreciate an asset over okay and so it's important to note a couple of things one you can depreciate the improvements not the land right so that as we know

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