When you own rental property, understanding how depreciation works can save you a lot of money on your taxes. Depreciation lets you recover the cost of your property over time, reducing your taxable income. But the rules can seem complicated at first. Don’t worry - I’m here to walk you through the basics of rental property depreciation in a clear and friendly way. Let’s dive into what depreciation means for your rental property, how to calculate it, and some important rules you should know to...