ilmscore | Prediction Details
"I made $35,000 and we'll assume that I have no deductions for the purposes of this example and now we get to subtract $14,500 from my taxes remember I still have 35 Grand in my bank account but on my taxes I'm going to write off this $14,500 which means my taxable income is $20,500"
By Minority Mindset | October 22, 2023 | Pending
From video
How To Build True Wealth Through Real Estate Investing | Jaspreet Singh 00:09:34 - 00:09:55
Interpreted Prediction
A $500,000 property with $400,000 building value can yield approximately $14,500 in annual depreciation tax write-off, reducing taxable income from $35,000 to $20,500.

Prediction Details

Topic
Real Estate Tax Breaks

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