ilmscore | Prediction Details
"now not all the income is going to be your taxable income because now you also have to take out your other deductions so we already took out the deductions for the building that's how you got this fifty thousand dollars worth of profit because maybe you generated two hundred thousand dollars of Revenue but then you have to pay for your property manager you have to pay for your water bill you have to pay for the utilities you have to pay for the maintenance which brought you down to fifty thousand dollars rough numbers"
By Minority Mindset | September 17, 2023 | Pending
From video
How To Stop Paying Taxes (Legally) & Build Your Financial Freedom | Jaspreet Singh 00:26:15 - 00:26:37
Interpreted Prediction
Real estate investments provide tax benefits beyond depreciation, as operating expenses like property management, utilities, maintenance, and vacancy costs can be deducted, reducing taxable income.

Prediction Details

Topic
Tax Benefits of Real Estate Investment

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.