ilmscore | Real Estate Tax Calculation Predictions
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After accounting for a $25,000 depreciation deduction on $70,000 of real estate income, resulting in a taxable income of $45,000, the estimated tax liability would be around $5,000, leaving approximately $65,000 in profit.
"if you tell the IRS that you made $45,000 in income from your real estate property you're going to h..."
Mar 24, 2024
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