Phantom Deductions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 it's 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. >> that's nuts what's happening, that's nuts what's happening. people are taking money out and spending it. then what they do is t...

Got from somebody dealing with him financially and got a portion of his financial records. i made 1.7 million but i'm deducting six times that cost. >> yeah. basically the way it works for real estate investors, it's 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 you're not even spending any money because the money that's used to buy the building is borrowed. you're taking deductions for other people's spending money. >> is that like putting cash in your pocket? >> event...