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"Well, there is a time value to money. Deductions today that get repaid many years down the road are worth something."

True. And I was just trying to see if that's pretty much the main benefit. I guess I also wasn't thinking LONG term, which with real estate, it could be a long long haul.

"Also, there's no guarantee that you can sell something for more than it's basis after depreciation"

And thus you wouldn't have to recapture the depreciation (or I guess you would but it wouldn't raise your income, or taxes).
But you'd be losing money on the sale so that's not anything to hope for!
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