Phantom Deductions News Today

Him, i pay my taxes because i know the laws going to be applied to me and i know everything. but the point is, if they do not take income and if you got the appraisal on your house today it would be x numbers of dollars. maybe its worth $1 million and you go to sell it may be it not only sells for 750 despite what the appraisal is. there is a difference between the estimated amount of money they have or the stock price today versus a stock price when they sell it. >> thats nuts whats happening, ...

Got from somebody dealing with him financially and got a portion of his financial records. i made 1.7 million but im deducting six times that cost. >> yeah. basically the way it works for real estate investors, its advantageous, you get to take these phantom deductions for an assumed decline of the value of the building. one of the things with jared kushner and most investors is that youre not even spending any money because the money thats used to buy the building is borrowed. youre taking dedu...