How do I plan for this and how do I handle the tax implications of such income swings? (moneysense.ca)
So, that means you also get a pass on paying the income tax bill you'd normally receive for such income. (gocleancredit.com)
In all cases, the depreciation deduction reduces the income generated by the property, and ultimately, reduces the amount of taxes that an investor would have to pay on such income. (arborcrowd.com)