Alex Kerrigan June 9, 2022 Real Estate Taxes, Commercial Real Estate, Multifamily Depreciation and Accelerated Depreciation in Real Estate Alex Kerrigan June 9, 2022 Real Estate Taxes, Commercial Real Estate, Multifamily Because real estate depreciates over time, the IRS allows investors to deduct the cost of that depreciation from their overall taxable income on an annual basis, reducing their overall tax burden. Here’s how.