ilmscore | Prediction Details
"However, if you take this new $200,000, take the $100,000 that you got from the money that you put in, and you take the $100,000 profit, and you go out and buy a bigger property. This might mean a bigger home, a bigger investment property. If you go out and invest all this money into a real estate investment, a like-kind exchange. Well, now you get to defer all of these taxes. You don't have to pay any taxes on this profit and now you own a bigger property, which means you're going to be making more money, you get a bigger tax deduction and now you get bigger cash flows."
By Minority Mindset | November 12, 2023 | Pending
From video
How The Wealthy Pay No Taxes (And How You Can Too) | Jaspreet Singh 00:26:48 - 00:27:17
Interpreted Prediction
Using a 1031 exchange, investors can sell an investment property and reinvest the proceeds into another 'like-kind' property, deferring capital gains taxes. This allows for the accumulation of larger assets and potentially higher future income and deductions.

Prediction Details

Topic
Tax Deferral on Real Estate via 1031 Exchange

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