ilmscore | Prediction Details
"you were essentially stting starting a business and your business is investing in real estate and businesses get to write off some of their business expenses what can some of these business expenses include well if you're investing in real estate you need a car to get to and from work you can potentially write off a piece of your car or the car value or your lease or your car payment you need gas you can write off some of your gas you need a cell phone to operate your business you can write off some of your cell phone you might need meals you can write off some of these meals so there are many writeoffs that you can use deductions because now you are investing in real estate which lower your taxable income"
By Minority Mindset | December 3, 2023 | Pending
From video
Make Your First Million In Real Estate 00:05:56 - 00:06:34
Interpreted Prediction
Real estate investors can deduct various business expenses, such as car usage, gas, cell phone bills, and meals, which reduce their taxable income.

Prediction Details

Topic
Business Expense Deductions for Real Estate Investors

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