ilmscore | Prediction Details
"in order for you to be able to deduct this loss against your ordinary income your income from your job you have to to be making under $100,000 a year and after $100,000 a year this deduction gets faded out up until $150,000 a year and the maximum that you can deduct is $25,000 in one year"
By Minority Mindset | December 3, 2023 | Pending
From video
Make Your First Million In Real Estate 00:10:53 - 00:11:08
Interpreted Prediction
Individuals earning under $100,000 can deduct real estate losses against ordinary income, with the deduction phasing out between $100,000 and $150,000, capped at $25,000 annually.

Prediction Details

Topic
Real Estate Loss Deduction Limits

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