What Capital Gains Tax Solution is Focusing with Charles Carillo

[Brett P Swarts]

Charles Carillo:

So give us a little bit about what your firm capital gains tax solutions do. And are you focusing? Well? Let us know.

Brett Swarts:

So most high net worth individuals who own cryptocurrency primary homes investment real estate have a failed 1031 Exchange or primary home. They struggle with capital gains tax and are somewhere between 30 and 50% of their gain depending on the depreciation recapture what state they're in. Oh, by the way, Biden might be proposing to double that potentially from 20 to 40%. And take away or limit the 1031 Exchange. So we use a deferred sales trust, which eliminates the need for the 1031 Exchange forever. It works for cryptocurrency it works for stock, it works for primary homes, also our clients can create and preserve more wealth. And as a part of that vision, we train and coach commercial real estate operators syndicators, financial advisors, Business Brokers, Luxury realtors on how to use this tool to grow their business. So it's kind of dual, we have people who call us direct, and then we'll find you know them solid real estate professional, or we have the actual business professional college director come and help alongside with their clients.

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