Back in 1989, a movie entitled “Bill & Ted’s Excellent Adventure” became the hit comedy of the year. Unfortunately, its two main characters, while funny, gave no indication of being able to think. Instead, they relied on chance to solve their problems.
Blog
New Tax Implications of Crypto Investments
If you’re invested in cryptocurrency, you know that you can make huge profits on these types of investments. For instance, Bitcoin, the original cryptocurrency, recently went from $30,000 per coin to $60,000 earlier this year.
How Does a DST Affect Your Tax Liability?
As a high net worth individual, you likely are all too familiar with capital gains taxes. These taxes that you pay when you sell a highly appreciated asset such as a business, commercial property, investment, collectible or even your personal residence, can wipe out much of the profit you make. But what if there were a safe and legal way for you to defer your tax liability?
Selling Your Highly Appreciated Personal Residence: A Case Study
Are you feeling trapped in your personal residence that has substantially appreciated in value since you bought it years ago? Would you like to sell it, but fear facing a crushing capital gains tax liability?
DST: An Advantageous Tax Deferral Strategy For Your Clients
As a CPA helping high-asset clients create and maintain their wealth, you hold an exceptionally prestigious, albeit challenging, position. You’re the expert to whom they look to help them maximize their profits, minimize their tax liability and shield them, to the greatest extent possible, from IRS audits. But how do you do this, especially in light of the major tax changes likely coming in the near future? The Deferred Sales Trust (DST) may be just the answer you and your clients are looking for.