ilmscore | Prediction Details
"so now you get to write off a certain amount of this income now how much you write off is going to depend on how much this property is worth but some investors are going to write off something like $4,000 and some investors will be able to write off something like $122,000 meaning you make money and you have no taxable income because of the way that this deduction works this is called the depreciation deduction"
By Minority Mindset | July 26, 2024 | Pending
From video
98% Of Rich People Own These 3 Assets (You Should Too) 00:07:17 - 00:07:37
Interpreted Prediction
Real estate investors can significantly reduce or eliminate taxable income through the depreciation deduction, with some writing off amounts between $4,000 and $122,000.

Prediction Details

Topic
Real Estate Tax Deductions

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