June and John were a gregarious couple who owned and operated a successful upscale restaurant in San Francisco. They not only owned the restaurant, but also the building in which it was located. While they loved their business, they were now in their late 50s and looking forward to retirement. As often happens, however, none of their three grown children had any interest in taking over the business.
Capital Gains
How To Sell Your Highly Appreciated Cryptocurrency Without Paying Exorbitant Capital Gains Taxes
If you are a cryptocurrency investor, that makes you a very brave person with a high tolerance for risk. Perhaps the riskiest form of investment, cryptocurrencies are well known for dropping 15% or more in value overnight. On the other hand, they can make you a millionaire just as quickly.
Webinar Replay: Capital Gains Worries? Learn How to Create an Exit Strategy and Wealth Plan with Two Deferred Sales Trust™ Solutions
One of the most intriguing features of the Deferred Sales Trust is the ability to combine both of our two main structures to both defer the capital gains taxes, and to position assets that generate a lifetime income for you and then pass your growing underlying principal to your designated heirs OUTSIDE of your taxable estate (e.g. Not subject to the 40% + estate tax). This combination is what we refer to as the DST Plus.
Lawmakers Could Convert Stocks, Avoiding Capital Gains
Under a bipartisan bill sponsored by Elizabeth Warren (D-MA) and Steve Daines (R-MT), congressional members and their spouses would not only be banned from trading stocks, but also be required sell their individual stock holdings and put their other assets in blind trusts.
Capital Gains Rate Information for 2022
As someone who owns highly-appreciated property, you’re undoubtedly all too familiar with the capital gains rate structure. You’re likely also familiar with how much of a bite capital gains taxes can take out of your profits when you sell one of these properties.