Here's an even better one.

In real estate the purchase of an asset (multi family building) is considered a write off as it is a business expense.

So, I put 250K towards a 20 unit apartment building, I then hold the building for 10 years and my initial investment of 250K (which was a write off in the first place) is now worth 500k. I sell the asset and oh, no capital gains tax.

UNLESS I DO A 1029 EXCHANGE AND PURCHASE ANOTHER ONE! The 500K is now an expense, I get a write off and pay no capital gains tax on the gains because of the tax code.

If you time it correctly you can just roll real estate purchases bigger and bigger and never pay a cent in taxes.

LOOKING AT YOU BLACK ROCK AND YOUR TRILLION DOLLAR INVESTMENTS

Like the level of trolling that is happening via the tax code is SO MUCH WORSE than anyone even understand lmao