ilmscore | Prediction Details
"The base depreciation that you get to qualify for if it is a single family property like this is 127 and a half of the value of the property. Remember, the value of the property is 200 grand. The value of the land is $50,000. This is the the basic that you get to qualify for. I'll show you what that actually means. And just for those of you that are a little bit more financially nerdy, if it is a commercial property, you qualify for 139th. But because it's a single family property, what that means is you take $200,000, the value of the property, divide that by 27.5. That's how much of a deduction that you get for the next 27 years."
By Minority Mindset | October 29, 2025 | Correct
From video
#1 Simple Way To LEGALLY Pay $0 Taxes (IRS Doesn’t Want You To Know) 00:13:16 - 00:13:56
Interpreted Prediction
Single-family rental properties can be depreciated over 27.5 years, and commercial properties over 39 years, allowing for annual tax deductions based on the property's value (excluding land).
AI Evaluation Notes
The prediction regarding depreciation of single-family rental properties over 27.5 years and commercial properties over 39 years is accurate as per current tax laws and IRS guidelines. These depreciation timelines are standard for calculating annual tax deductions.

Prediction Details

Topic
Real Estate Depreciation Deduction

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.