ilmscore | Prediction Details
"so what you do here is first you separate the value of the property versus the land so you bought this property for $200,000 let's assume that the land that this property is sitting on the land that this home is sitting on is worth I don't know $20,000 so this building itself the home the actual property is worth $180,000 well what the IRS says is you get to write off a piece of the physical property a piece of this $180,000 every year for the next 27 and a half years"
By Minority Mindset | March 22, 2024 | Pending
From video
Start Investing In Real Estate The RIGHT WAY In 2024 00:03:30 - 00:04:06
Interpreted Prediction
The IRS allows real estate investors to deduct a portion of the physical property's value annually for 27.5 years, based on a $200,000 purchase with $20,000 attributed to land, meaning $180,000 of the building can be depreciated.

Prediction Details

Topic
Real Estate Depreciation Tax Break

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