1 4 Ways a Capital Gains Tax Strategist Can Help You Capital gains tax strategists should be helping you to consider four things when making the decision of what strategy to use. Look at your numbers. Every tax strategy has a price. Unlike 1031 2
Look at your goals. If you sell the asset and put the money into your personal account, then the IRS wants their share, too. However, if you use an alternate strategy, it will always come with restrictions, such as when you receive the funds or how to use them. Those restrictions must sync up with your goals or at least come close enough to the goals to make sense.
exchanges, most of them are not low cost. Many of them cost about 6.5%-10% of the sale value or the net sale proceeds. Some of them are less money up front but cost as much over time. Be certain that the cost of the strategy compared to the actual tax bill makes sense. If the tax bill is $100K and the cost to do the strategy is $94K, it might not be worth the time and effort. Many of the numbers to consider are also impacted by the nature of the tax strategy: does it eliminate, defer, or spread out the capital gains taxes?
THERE ARE A LOT OF CAPITAL GAINS TAX STRATEGIES TO CHOOSE FROM
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