> They can deduct the depreciation of a property from their taxable income even if the money they used to buy the place was borrowed from a bank and the propert

> They can deduct the depreciation of a property from their taxable income even if the money they used to buy the place was borrowed from a bank and the property is the only asset on the line for the loan. If they buy a building worth $50 million, putting $10 million down and borrowing the rest, they can still deduct $50 million from their personal taxes over time, even though they’ve put much less of their own money into the project. Thank you Congress for giving us this gift!