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Updated over 1 year ago on . Most recent reply presented by

Derek Todd McCarley's profile image
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Derek Todd McCarley
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Derek Todd McCarley's profile image
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Derek Todd McCarley
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Derek Todd McCarley
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Tax, SDIRAs & Cost Segregation

1 mill capital gains

Derek Todd McCarley
Posted

What would the best strategy be to offset 1 mill in capital gains this year?

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Sean O'Keefe's profile image
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Sean O'Keefe
  • from CPA | Accepting new clients | 50 States
  • Member since Dec 2, 2022
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Sean O'Keefe
  • from CPA | Accepting new clients | 50 States
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Sean O'Keefe
  • CPA | Accepting new clients | 50 States
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Sean O'Keefe
  • CPA | Accepting new clients | 50 States
Replied

@Derek Todd McCarley if you have $1m in capital gains this year it's worth it to pay several thousand to get some solid tax advice. 

.

Without the specific background on how this $1m in cap gains was generating it's tough to provide helpful feedback but you can explore 1031 exchange, 121 excl, Qualified Opportunity Zone, and more 

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