ilmscore | Prediction Details
"you get a 27 and A2 year straight line depreciation I'll explain what that means that's what it is at the time of me recording and for commercial buildings it's 39e StraightLine depreciation what that means now is you can take the value of the property divide it by 272 years and that's how much you can deduct from your income from your profit every year over that 27.5 years just because your property is older"
By Minority Mindset | October 22, 2023 | Pending
From video
How To Build True Wealth Through Real Estate Investing | Jaspreet Singh 00:08:35 - 00:08:58
Interpreted Prediction
Residential real estate allows for a 27.5-year straight-line depreciation, and commercial buildings for 39 years, enabling deductions from income based on the property's age and value.

Prediction Details

Topic
Real Estate Depreciation Tax Break

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