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Why Real Estate Investment is Your Best Tax Shelter

Cascade Business News / BY ROGER RUSSELL FROM ACCOUNTINGTODAY ON JULY 21, 2015

“In every country I’ve been in, real estate is the best tax shelter,” said Tom Wheelwright, CPA, an advisor and speaker at Robert Kiyosaki’s Rich Dad Poor Dad seminars, and a contributor to Donald Trump’s Wealth Builders Program. “Tax law is a series of incentives,” he said. “The big picture policy is that the government would like to encourage investment in real estate.”

And by owning real estate, you get to utilize what Wheelwright calls the king of all deductions, depreciation. “The number one benefit from investing in business or rental real estate is depreciation,” he said. “Say you paid $1 million for a building, including the land. Since the land doesn’t wear out …

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