ilmscore | Prediction Details
"but if I bought this property with a mortgage now remember I only had a seven thousand dollar profit so seven thousand dollars worth of profit but then I get to deduct this fourteen thousand five hundred dollars so now I subtract is fourteen thousand five hundred dollars and I have this negative seven and a half thousand dollar plus I tell the IRS hey I lost money"
By Minority Mindset | September 17, 2023 | Pending
From video
How To Stop Paying Taxes (Legally) & Build Your Financial Freedom | Jaspreet Singh 00:04:47 - 00:05:23
Interpreted Prediction
Financing a real estate property with a mortgage, combined with depreciation deductions, can lead to a net taxable loss, even if the property is generating a positive cash flow.

Prediction Details

Topic
Real Estate Depreciation with Debt

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