If you rent a rental property, you may deduct the entire amount of depreciation available to you. Depreciation reduces your basis for figuring gain or loss on a later sale or exchange. You can depreciate your rental property if it meets all the following requirements: 1  You own the property.
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While 888-333-4949 is Federated Mutual Insurance Company's best toll-free number, there are 2 total ways to get in touch with them. The next best way to talk to their customer support team, according to other Federated Mutual Insurance Company customers, is by calling their 800-533-0472 phone number for their Customer Service department.