Are investors able to write off depreciation on real estate investments?
Yes, you are able to write off depreciation with our Growth REIT. We will also do cash distributions to cover the additional taxes owed at the end of the year so you won’t face any out of pocket expenses.
What tax document will I receive?
Our DiversyFund Growth REIT investors receive a 1099 form.
How is the investment taxed?
Dividends are generated monthly and automatically reinvested, this is taxed as ordinary income. Investors will receive a 1099-DIV to file with their taxes every year. The 1099 will reflect all the appropriate deductions from depreciation.