The only caveat I would add is that if you own rental income property and are licensed to be a "real estate professional" (check the right properties in TT .. IF you qualify), the faster depreciation options (i.e. solar equipment on your roof), would reduce your taxable income and if a taxable loss, you would be able to offset that loss against other taxable income. Regardless, that cumulative drepreciation is recovered if and when you sell the property.
