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Updated over 1 year ago,
- Rental Property Investor
- Iowa City, IA
- 35
- Votes |
- 94
- Posts
Burying the Tax Burden with Property Burials of loved ones? : Tax hack ?
The Big Question: Can You Bury the Tax Burden (Literally) with Property Burials?
I know it might sound a bit unusual, but I've heard rumors about some savvy real estate investors or just a "Tic-Tok hype loophole lawyers" who claim you can take advantage of local regulations to save on property taxes by designating parts or the whole property as private burial grounds for their family or even as small cemeteries. Also i have seen video and content on Trump buried Ivana on a golf course. Did he get a tax benefit on this who knows.
Now, I understand that this concept is highly dependent on local regulations and can vary significantly from place to place. But I'm curious if anyone here has ventured into this territory or knows someone who has.
My Questions:
- Has anyone successfully used this strategy to lower their property tax bill?
- What were the specific steps you took to make it happen, and what hurdles did you encounter?
- Did you face any legal or ethical considerations when pursuing this strategy?
- Are there any specific regions or areas where this approach is more likely to work?
- If you haven't tried this yourself, do you have any insights or knowledge about the feasibility of such a strategy?
Looking forward to hearing your thoughts and experiences on this unique tax-saving strategy! 🏡💰💀
- Nathan Faselt