ilmscore | Prediction Details
"So you have $50,000 of profit. You take the $60,000 deduction. You have minus $10,000 loss. And now if you work a job or your spouse works a job, you can take this $10,000 loss and you can reduce that job income because you have a loss in the business."
By Minority Mindset | October 29, 2025 | Correct
From video
#1 Simple Way To LEGALLY Pay $0 Taxes (IRS Doesn’t Want You To Know) 00:23:32 - 00:23:45
Interpreted Prediction
Losses generated by a business can be used to offset income earned from a job, reducing the overall taxable income.
AI Evaluation Notes
The prediction that business losses can be used to offset job income is a valid statement about tax law. This is a commonly understood principle within the existing tax system.

Prediction Details

Topic
Using Business Losses to Offset Job Income

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