Direct indexing and tax loss harvesting

Ankur outlines direct indexing benefits and how harvesting losses in taxable accounts works.

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Episode notes

In 2020, Ankur Nagpal sold his course platform, Teachable, for around $250 million. But he knew that the sale would come with a giant tax bill. So Ankur became obsessed with the tax code, and he wanted to make it easier for everyone to legally operate within it. That led him to discover Solo 401(k)s. So he built a new company called Carry that helps you legally keep more of what you earn and invest it the way you want.

This podcast is for informational purposes, and not intended to be financial advice. Please consult a financial advisor about your specific situation.

→ Get Ankur's Free Tax Guide → Sign up for Carry

⁠⁠⁠⁠⁠⁠⁠⁠⁠Full transcript and show notes⁠⁠⁠⁠⁠⁠⁠⁠⁠

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TIMESTAMPS

(00:00) Introduction

(01:32) Ankur's Crash Course in Tax Law

(08:18) Tax Loopholes and Bias

(11:02) Solo 401(k) Benefits Explained

(14:32) Solo 401(k) Contribution Guidelines

(17:46) S-Corp Tax Benefits Explained

(20:11) Maximizing QBI Deduction Strategies

(23:22) Tax Planning CPA vs Planners