Saw in another thread somebody linked the Montana License plate/car registration loophole, that people use to avoid paying property taxes on their vehicles.
Anyways it inspired me to create this thread and see if anyone had some clever tax evasion methods that aren’t well known. (Or they can be popular, just want to save money.)
ETA: Link to Montana loophole – https://webuyexotics.com/blog/montana-llc-car-registration/
Posted by EmployeeAromatic6118
2 Comments
Own real estate and a business… Mortgage deductions, depreciation, 1031, primary residence cap gains, business write offs. The game is written to benefit these activities.
When you have a qualifying life event, roll your 401k over to your Roth IRA. Pre-tax to no tax… Just have to wait until you’re 65 lol.