ilmscore | Prediction Details
"with real estate you have another tax deduction this is called the 1031 exchange which says you made $100,000 in profit by selling your property if you take all of this $200,000 and this can be any amount of money but if you take all this $200,000 and now you go out and buy a bigger property that's going to pay with more cash flow you don't have to pay a penny in taxes today and you can keep doing this again and again and again every year until you die and never have to pay a penny in this capital gain appreciation taxes"
By Minority Mindset | August 19, 2024 | Pending
From video
Own These 5 Investments and Never Stress About Money Again 00:11:38 - 00:12:08
Interpreted Prediction
Predicts that the 1031 exchange allows real estate investors to defer capital gains taxes by reinvesting profits into like-kind properties, enabling tax-free wealth accumulation over time.

Prediction Details

Topic
1031 Exchange for Real Estate

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