Investors are able to get the tax benefits of depreciation, which lowers the taxable income for a property.

The amount of depreciation will not be specifically broken out on the tax forms that Arrived provides. Instead, your 1099-DIV will just show the net amount of taxable income that will be reported on your tax return, after all the depreciation has been factored in.
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Check out these resources for more on the tax benefits of real estate investing:

As always, please consult your tax professional for advice specific to your situation.