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Imagine owning properties and seeing your bank account grow, not just from profits, but also from tax benefits. As a savvy investor, you’re not just buying property, you’re securing tax deductions, reducing taxable income, and even enjoying post-sale savings. Let’s dive into the world of real estate tax advantages, where your investment strategy can lead to substantial tax savings. Welcome, and prepare to unlock the financial potential of your real estate investments. Key Takeaways Depreciation expense allows for substantial tax benefits when investing in commercial real estate. Interest expense on mortgage payments is tax-deductible, helping to offset property tax payments. Post-sales tax savings allow beneficiaries to only pay taxes on the increase in value of the property from the time of the owner’s passing until the date of sale. Buying commercial property as a retirement saving strategy can lead to lower capital gains tax rates compared to other retirement investments. Understanding Depreciation in Real Estate Before diving into the specifics, it’s crucial that you grasp how depreciation works in real estate over time and how it can greatly affect your tax benefits. In essence, depreciation is the decrease in value of your property over its useful life. Imagine you’ve bought …