Minimizing Tax Payments and Taking Advantage of Tax Benefits

In this chapter, they discuss various strategies to minimize tax payments, including tax-free capital gain distributions and tax loss harvesting. They also explore the tax benefits of real estate investments, such as long-term capital gains rates and the section 121 exclusion of gain. Additionally, they delve into the concept of 1031 exchanges and the advantages it offers in tax planning. Lastly, they highlight the tax benefits associated with owning real estate, including deductions, depreciating assets, and cost segregation studies. They also discuss the impact of deductions and depreciation on tax bills and the recent changes in tax laws that benefit real estate investors.