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.
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.