ilmscore | Prediction Details
"at the time I'll be recording this video in order for you to be able to deduct this loss against your ordinary income your income from your job you have to be making under a hundred thousand dollars a year and after a hundred thousand dollars a year the deduction gets faded out up until 150 000 a year and the maximum them that you can deduct is twenty five thousand dollars in one year"
By Minority Mindset | September 17, 2023 | Pending
From video
How To Stop Paying Taxes (Legally) & Build Your Financial Freedom | Jaspreet Singh 00:05:44 - 00:06:02
Interpreted Prediction
There are income limitations for deducting real estate losses against ordinary income. Those earning under $100,000 can deduct losses, with the deduction phasing out between $100,000 and $150,000. The maximum deductible loss is $25,000 per year.

Prediction Details

Topic
Real Estate Loss Deduction Limits

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