Question

You notice another licensee, seamus, who works with investors, attends a lot of tax auctions. why might this be?

Answer 1

Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest the proceeds in a "like-kind" property and defer paying any capital gains taxes.

Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property provided the money is rolled into another like purchase.

Diagnostic analytics simply means a form of advanced analytics that is vital for the examination of data in order to be able to answer the question "why did it happen?" It should be noted that diagnostic analytics takes a deeper look at the datas in order to understand the causes of events and to help answer some workforce questions.

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