commercial vs residential tax differences
Hello all,
I'm trying to figure out the differences between commercial investing (business property) and residential as far as tax implications, write offs, etc. To be clear, when I say commercial I mean leasing to a business, not commercial because of the number of units. I understand residential tax write offs, schedule E, depreciation, etc. For example, not sure if depreciation is different if one was to own a commercial property that a business leased, and if a schedule E would still be used. Trying to determine what has better tax advantages while comparing commercial vs residential for a next investment.
Appreciate any insight or clarification the community can provide.