ilmscore | Prediction Details
"And so, let me show you why this can be so powerful. Because when you go to invest in real estate and you make this $15,800 a year in income, you would think that you have to pay taxes on all $15,800 a year in income, which is not exactly true. For the purposes of this example, let's assume that in this quarter million dollar house, $50,000 was attributed to the value of the land and $200,000 was attributed to the value of the actual house, the actual building. 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."
By Minority Mindset | November 7, 2025 | Correct
From video
The Passive Income Lie Keeping You Broke - And Angry 00:25:36 - 00:26:30
Interpreted Prediction
The US tax code allows for a depreciation deduction on single-family rental properties, calculated by dividing the building's value (excluding land) by 27.5 years, which reduces taxable income.
AI Evaluation Notes
The US tax code does indeed allow for a depreciation deduction on single-family rental properties, calculated by dividing the building's value (excluding land) by 27.5 years [cite: i]. This aligns with the original prediction.

Prediction Details

Topic
Real Estate Investment

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