Buying a property for a Tax Write-off

[Juan Michael]

I'm in California, and have heard of investors buying a property because they have to either spend the money for 1031 exchanges or tax purposes.

If this is true, can you offer some insight please ?

Note to the Moderator: if this is in the wrong forum please point me in the right direction. Thank you

[Roy N.]

If you want a tax deduction, make a donation to your preferred charity, do not make a loosing property purchase.