ilmscore | Prediction Details
"Except you don't have to pay it with real estate because in real estate you can qualify for something called the 1031 like kind exchange which says if you take this property and sell it for a profit in this case $500,000 you can take all this new money all this $500,000 go out and buy another property can be bigger nicer more rental income and now you can pay 0 in taxes on that appreciation on that gain."
By Minority Mindset | October 29, 2025 | Correct
From video
#1 Simple Way To LEGALLY Pay $0 Taxes (IRS Doesn’t Want You To Know) 00:18:42 - 00:19:10
Interpreted Prediction
A 1031 like-kind exchange allows real estate investors to defer capital gains taxes on the sale of a property by reinvesting the proceeds into another like-kind property.
AI Evaluation Notes
The prediction accurately describes the function of a 1031 like-kind exchange, which allows investors to defer capital gains taxes by reinvesting proceeds into a similar property. This is a widely accepted and utilized aspect of real estate investment.

Prediction Details

Topic
1031 Like-Kind Exchange

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