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 Instructions 4562 Form 2017

2017-2025 Form

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[Music] hi I'm the tax geek with more of your taxes oversimplified this is the third video in a series on taxes for landlords and tackles the subjects of depreciation and amortization I'll start out by saying depreciation is a complex subject that cannot at all be completely described in a short short video this video is designed to give you a very oversimplified overview of depreciation particularly as it affects rental properties hopefully you'll gain a broad understanding of the subject and if you don't feel free to watch the video again and again depreciation is a process where the cost of longlived assets is spread out and expensed over the approximate useful life of the asset accountants have many depreciation methods they can choose from but the IRS has mainly one the modified accelerated cost recovery system which in its acronym form is called makers makers establishes standardized asset lives and depreciation methods for each broad class of asse

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