Good riddance. Him and his mother have major issues and have had major issues everywhere they have gone. He literally got a NIL raise and they’re opening up the offense for him and it still isn’t enough. I’ll be glad when he’s gone
I wouldn’t say I’m against borrowing against your real estate it’s legal too, and I get why people do it. But I do think there’s a difference in intentions between using a 1031 to reinvest in productive assets and using debt to fund a lifestyle while technically avoiding income tax.
One is...
Sorry I haven’t been in here in a bit, I have to take a mental health break from political topics sometimes. It’s not really a loophole it’s a 1031 exchange, which is a specific, legal part of the tax code designed to encourage reinvestment in real estate. You’re not avoiding taxes you are...