I read a Forbes.com article that said ?if you have an investment property, take it like a sponge and squeeze it.? The article was about how small-time landlords can avoid missing out on major tax savings; like Robert Kelley, who saved $6,000 in taxes due to depreciation alone.

It just goes to show that many people lose out on major tax savings, simply because they don?t know the rules about rental property, or they are unaware of resources available to them. You can read the article and learn more about tax-savings at

Forbes Article: Depreciate It

Scott Thompson

Some folks contacted me asking for the link to the website featured in this Forbes article. The article was about small-time landlords who miss out on tax savings, like accelerated depreciation deductions. Depreciate'Em was the main feature, a free web-based software that makes accelerating deductions simple and easy, but unfortunately the website URL wasn?t listed and made it hard to find.

Depreciate'Em is provided by The Real Estate eXchange, a group that specializes in developing better tools for real estate investors. They also have another excellent tool called Defer'Em which helps complete your deferred exchange and generates form 8824 for your tax return.

I recommend that everyone take a look at the article and the websites. I'm sure you can learn a lot, and more importantly, I'm sure you might find more ways to save money.

Scott