ilmscore | Prediction Details
"Well, in the tax code, the United States tax code, what it says is when you go out and you buy a rental property that's a single family house, you get to take a depreciation deduction because your property has wear and tear because it's one year older, you get to take a write off because of that. And when it's a single family house, you find the value of the actual building. In this case, $200,000 because we said $50,000 is the land. And then you divide that number by 27 12. Why 27 12? Well, that's just what the tax code says. If it's a single family house, if it's a commercial building, like an apartment complex, then you take that value of the building and divide it by 39. Again, that's just what the tax code said. I didn't make these numbers up. That's just what it tells you. So, in this case, I take $200,000 divided by 27 and a half. And what it tells me is I'm going to get a $7,200 deduction. Why? Because of depreciation."
By Minority Mindset | November 7, 2025 | Correct
From video
The Passive Income Lie Keeping You Broke - And Angry 00:26:03 - 00:26:48
Interpreted Prediction
In the US tax code, a depreciation deduction can be taken on rental properties, calculated by dividing the building's value by 27.5 years for single-family homes or 39 years for commercial buildings. For a $200,000 building value, this results in a $7,200 annual deduction.
AI Evaluation Notes
The prediction accurately describes the real estate depreciation deduction in the US tax code. The calculation based on the building's value and the depreciation period (27.5 years for single-family homes) is correct, leading to the stated annual deduction.

Prediction Details

Topic
Real Estate Depreciation Deduction

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