ilmscore | Prediction Details
"then after your deductions you also get the value of depreciation which means you get to tell the IRS hey my property is a year older it has wear and tear and because of that I deserve a tax write off on my taxes even if your property is more valuable even if you have no real physical wear and tear you still get to write off this depreciation against your taxes which means you get more money in your pocket while paying less money in taxes"
By Minority Mindset | December 3, 2023 | Pending
From video
Make Your First Million In Real Estate 00:07:32 - 00:07:54
Interpreted Prediction
Depreciation allows real estate investors to claim a tax deduction based on the property's age and wear and tear, reducing taxable income even if the property's value increases.

Prediction Details

Topic
Real Estate Depreciation Tax Benefit

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