ilmscore | Prediction Details
"for single family homes that means you take this $160,000 and you divide it by 275 and that means you get to take about a $5,800 tax write off for doing nothing except owning a property that's now one year older"
By Minority Mindset | November 6, 2024 | Pending
From video
IRS Releases New Tax Brackets For 2025 - What This Means For You 00:09:11 - 00:09:27
Interpreted Prediction
For single-family homes, straight-line depreciation allows for a tax write-off of approximately $5,800 annually based on a $160,000 building value divided by 275 years.

Prediction Details

Topic
Depreciation Calculation (Single Family Homes)

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