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Pass through LLC depreciation
I've spun up an LLC for my RE investing and rental management business. This is on the side, while I make $ as a salaried employee. The plan is to eventually leave the W2 job once the business grows to enough profitability.
I understand that CapEx, startup costs and other expenses can pass through to my ordinary salaried income.
I'm not sure about depreciation, however - there are large amounts of this in a RE business as you folks probably know, and it'd be good to be able to offset my salaried wages with this, if possible.
Would we be able to pass through depreciation deductions to our ordinary income as well?