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Video instructions and help with filling out and completing Why Form 4797 Dont

Instructions and Help about Why Form 4797 Dont

Hey everyone welcome back to the Jack Chapel show and today I'm going to be talking about how to pay no taxes through real estate and I mean zero and if you build up a big enough portfolio you can be making hundreds of thousands of dollars and not pay any tax on it and I promise is an actual thing that happens so I was you know listening to Robert Kiyosaki the guy who owns you know the billion dollars in real estate or whatever and you know I was surprised when he said I don't pay I might make millions of dollars per year but I don't pay tax ever even if I sell a property I don't pay taxes no I just want to say this before I go into all the real reasons why you don't pay tax he can sell a property if if you sell a property and then buy a property right away then you don't actually don't have to pay tax on all over the land transfer fee or whatever it's goes under this wheel weird rule in the United States I don't know what it is in Canada but anyways so I'm gonna write out an example here and I am going to go through why you will have a net tax deduction of thousands of dollars after everything and it you know we're just gonna go that this year so let's just say you buy a property for 300 or you get a mortgage for 350 K three hundred fifty thousand dollars on the property okay that's the mortgage sorry I have this written out here on my phone so I can just keep going here so we're gonna say that based on whatever a two point something percent interest...

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