ilmscore | Real Estate Depreciation for Tax Purposes Predictions
Rea

Real Estate Depreciation for Tax Purposes

Topic
N/A
Accuracy

Recent Predictions

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Author
Predicted at
Status
Video
A real estate investor can claim a depreciation deduction annually on the building's value (e.g., $20,000 on an $800,000 building over 39 years). This 'paper deduction' reduces taxable income even if cash flow is higher, resulting in a lower tax bill.
"So now we know that the value of this building is $800,000. You take the $800,000, you divide it by ..."
Minority Mindset Minority Mindse...
Nov 12, 2023
Pending
How The Wealthy Pay ...
A real estate investor can claim a depreciation deduction annually on the building's value (e.g., $20,000 on an $800,000 building over 39 years). This 'paper deduction' reduces taxable income even if cash flow is higher, resulting in a lower tax bill.
"So now we know that the value of this building is $800,000. You take the $800,000, you divide it by ..."
Minority Mindset Minority Mindse...
Nov 12, 2023
Pending
How The Wealthy Pay ...
A real estate investor can claim a depreciation deduction annually on the building's value (e.g., $20,000 on an $800,000 building over 39 years). This 'paper deduction' reduces taxable income even if cash flow is higher, resulting in a lower tax bill.
"So now we know that the value of this building is $800,000. You take the $800,000, you divide it by ..."
Minority Mindset Minority Mindse...
Nov 12, 2023
Pending
How The Wealthy Pay ...