Are Cryptocurrency Profits Taxed as Capital Gains or Ordinary Income?
Friday, May 01
Cryptocurrency has become a commonplace in modern investing. But when it comes time to file your taxes, things get murky, especially if you’re new to the world of crypto. Are your profits considered capital gains, or are they taxed as ordinary income? The answer is not always simple. As a company...
Is a DST or a 1031 Exchange Better for Farmland Sales?
Thursday, April 30
Choosing the right tax strategy when selling farmland can make the difference between preserving your wealth or losing a significant portion of it to capital gains taxes. If you’ve held onto a parcel of farmland for years, or even generations, appreciation has likely skyrocketed. And once you sel...
Choosing a Trustee You Can Trust
Wednesday, April 29
If you are considering using a Deferred Sales Trust (DST) as a form of capital gains tax deferral, one of the most important decisions you can make is choosing a trustee. A Deferred Sales Trust trustee will explain the process, work with CPAs and financial advisors to set up the trust, invest you...
Should You Defer Capital Gains When Selling Your Primary Home?
Tuesday, April 28
The IRS offers a significant tax benefit for selling your primary residence if you have a capital gain. They will exclude up to $250,000 of capital gains excluded from taxation if you’re single, or up to $500,000 if you’re married filing jointly (providing you meet the criteria). This is a genero...
How a Deferred Sales Trust Lowers Taxes on Stock Sales
Monday, April 27
If you’ve held stocks that have appreciated significantly, selling them can create a tax nightmare. The minute you sell those shares, the IRS comes knocking. They want a large slice of your gains, and the law says they are entitled to it. But what if you could legally defer those taxes, keep more...
How We Sold Our Car Wash and Deferred Millions in Taxes
Friday, April 24
With Hy & Sudhir What if you could sell a highly appreciated business, keep more of your profits, and still position your wealth for future growth and impact? That’s exactly what Hy and Sudhir set out to do. These longtime partners built and scaled a successful gas station and car wash operat...