ilmscore | Prediction Details
"in real estate you can do what's called a 1031 exchange which says you take all $1 million and now if you take the million dollars to go out and buy a bigger property that might be paying you more money every single year well now you don't have to pay a penny in taxes today you can keep deferring this tax bill until you die and if you do that you never have to pay the taxes"
By Minority Mindset | July 14, 2024 | Pending
From video
Investing Mistakes That Will Cost You Thousands - Don't Do These 7 Things 00:18:25 - 00:18:42
Interpreted Prediction
A 1031 exchange in real estate allows investors to defer capital gains taxes indefinitely by reinvesting the proceeds into a like-kind property, potentially avoiding taxes altogether if the property is held until death.

Prediction Details

Topic
Tax Strategy

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