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Main Street Business

#485 10 Capital Gains Tax Strategies that Keep More Money in Your Pocket

Mar 16, 2024
Discover expert strategies to navigate and minimize Capital Gains tax, including using trusts, 1031 exchanges, solar projects, and Roth IRAs. Learn how small and large businesses can benefit from these techniques, ultimately saving thousands of dollars in taxes.
20:37

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Quick takeaways

  • Utilize Charitable Remainder Trust (CRT) to transfer assets, avoid capital gains tax, and receive payments tax efficiently.
  • Consider Deferred Sales Trust (DST) for controlled payouts and family inheritance, but assess structuring costs for suitability.

Deep dives

Avoiding Capital Gains Tax with CRT

One strategy discussed is the Charitable Remainder Trust (CRT), which involves transferring a highly appreciated asset to a trust to avoid capital gains tax. By donating the property to the trust and setting up unit trust payments based on age and gender, individuals can receive annual payments without incurring immediate capital gains tax. Additionally, the donation to the CRT offers a tax deduction, and the trust may eventually pay out to charity or to family tax-free.

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