ilmscore | Prediction Details
"what 1031 says is if you take all $400,000 and he uses money to go out and buy a bigger rental property you spent all $400,000 buying more rental properties but now you don't have to pay a penny in taxes today you were deferring all of these capital gains taxes"
By Minority Mindset | November 6, 2024 | Pending
From video
IRS Releases New Tax Brackets For 2025 - What This Means For You 00:13:25 - 00:13:40
Interpreted Prediction
A 1031 exchange allows investors to defer capital gains taxes by reinvesting the full proceeds from selling a property into a new rental property.

Prediction Details

Topic
1031 Exchange

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