ilmscore | Prediction Details
"But because of 1031, you can take all $500,000, buy another property, assuming you own the property for longer than a year and a day, start to generate more income, have bigger tax breaks, bigger depreciation because it's a bigger property, and you don't have to pay a penny in taxes on the gain because it's called a like kind exchange."
By Minority Mindset | December 25, 2025 | Correct
From video
The Legal IRS Cheat Code Used by the 1%: ‘Borrow Until You Die.’ 00:19:51 - 00:20:11
Interpreted Prediction
A 1031 exchange allows investors to defer capital gains taxes on the sale of a property by reinvesting the proceeds into a like-kind property, provided it's held for over a year.
AI Evaluation Notes
The prediction accurately describes the function of a 1031 exchange. It allows investors to defer capital gains taxes by reinvesting in a like-kind property held for over a year.

Prediction Details

Topic
1031 Exchange for Real Estate Gains

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