I have a graduate law degree in taxation, was tax counsel to world's largest bank. So, maybe I know more about taxes than the NYTimes. In real estate, gains are deferred until you sell the building. Expenses are current, (depreciation, interest, fees). So, tax losses are normal. pic.twitter.com/Zq5ARJzVZa
— Jim Rickards (@JamesGRickards) September 28, 2020