ilmscore | Prediction Details
"you get some tax benefits because if you make $10,000 with a profit you also get to tell the IRS hey my property is one year older so I don't want to pay taxes on all $10,000 you get a depreciation dedu C you get to write off a piece of the property value against your income so you don't have to pay taxes on all the income that you generate"
By Minority Mindset | June 23, 2024 | Pending
From video
If You've Never Invested Before - Watch These 32 Minutes 00:28:17 - 00:28:33
Interpreted Prediction
Real estate investors can benefit from tax advantages, including depreciation deductions, which allow them to offset taxable income against the property's value.

Prediction Details

Topic
Real Estate Tax Benefits

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