Tommy Dobczyk explains how to reduce your tax bill by year-end through oil and gas fund investments or property purchases. He addresses strategies for offsetting large tax bills with these deductions.
Right. So the thing you want to understand, like Sicily— I'm sorry, not Sicily, Katya— what you were like, I saw how you were like, well, if you have to pay $200,000 in taxes, buy a $200,000 building, it's— there's only a percentage of that $200,000 you can write off, right? That's why it's important. So for instance, oil and gas, why we always do an oil and gas fund at the end of the year, because somebody, if they have a $100,000 tax bill, they can invest $100,000 into the oil and gas.
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