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Money and Finances
Reply to "Ideas on reducing taxes on a huge capital gain"
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[quote=Anonymous]Purchase a property to use for short term rentals like airbnb. If the property is worth, say $1,000,000 and you put $200K down, you can get a cost segregation study and get about a $300K deduction to offset your taxes with the Big Beautiful Bill's accelerated bonus depreciation. The money from the rental will pay for the monthly mortgages provided you choose the property wisely. You do need to be involved in managing the property, but you cam also hire a management company and help them out as well. [/quote]
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