How to Defer Taxes Like the Rich and Famous
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💡 How the Wealthy Avoid Paying Taxes (Legally) 💡 It’s all about tax deferral. Here’s how it works: ✔️ Depreciation lowers taxable income. ✔️ Sell with a 1031 exchange to defer capital gains. ✔️ Pass properties to heirs with a stepped-up basis—wiping out taxes owed. I could buy a property for $1 million, grow it to $10 million, and when my heirs inherit it, they owe zero in back taxes. That’s how generational wealth is built. Learn more strategies to making and keeping your millions in this fre
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💡 How the Wealthy Avoid Paying Taxes (Legally) 💡 It’s all about tax d…
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How to pay less in taxes, understand how the tax code works and work it. Now if you don’t know, then find yourself an accountnt who does. Many of these “hacks” are not exclusively meant for the rich. The 1031 Exchange is a great method to defer paying capital gains tax on your real estate. In fact, you can keep rolling it up until you pass. Then you can pass off your assets to your kids at a stepped up cost basis. #taxes #1031 #realestate #fintok #moneytok #johnsfinancetips #personalfinance
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