Depreciation reports allow you to claim additional depreciation expenses for your rental property!

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Under normal circumstances, depreciation can be claimed on assets you have purchased for your rental property, as well as improvements made. Tax depreciation reports are specific schedules that detail the depreciation you can claim in your tax return related to your rental property - not only on the assets you have purchased but also the house itself when constructed. 

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The cost of the depreciation report itself is also tax deductible.