ilmscore | Prediction Details
"if you go out and you flip a property you make $100,000 you're going to be taxed at ordinary income tax rates it'd be the same taxes you pay if you made the $100,000 from a job but if you earn that money as a real estate investor because you're getting the rental income your tax a little bit differ you qualify for different tax deductions you also qualify for different tax write-offs"
By Minority Mindset | July 8, 2024 | Pending
From video
Why I Am Not A Real Estate Flipper 00:03:32 - 00:03:51
Interpreted Prediction
Profits from real estate flipping are taxed at ordinary income rates, while rental income from real estate investing qualifies for different tax deductions and write-offs.

Prediction Details

Topic
Real Estate Investment Tax Benefits

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