ilmscore | Prediction Details
"now what you could potentially do if you qualify with your income this is not for everybody but some people are then going to be able to take this loss and deduct it against their own income now at the time I'll be recording this video 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 00:10:43 - 00:11:08
Interpreted Prediction
Individuals earning under $100,000 annually can deduct real estate losses against ordinary income, with a phase-out between $100,000-$150,000 and a maximum annual deduction of $25,000.

Prediction Details

Topic
Real Estate Tax Loss Deduction Threshold

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