Capital Gains Tax Solutions
Capital Gains Tax Solutions
Welcome to the Capital Gains Tax Solutions, your shot of clarity to break out of capital gains tax jail, when selling a highly appreciated asset. I'm Brett Swarts, your exclusive Deferred Sales Trust trustee.
Let's walk through a couple scenarios, so you really understand what's going on here.
If you sold highly appreciated stock, a business, real estate, and you've received the cash, by nature of how tax is triggered, you're going to have to pay that tax.
However, if an advance you had set up a Deferred Sales Trust and you had properly structured it with the Deferred Sales Trust tax attorneys and with capital gains tax solutions, you can have the proceeds into the trust. Therefore it's in a tax deferral state.
Let's say you're selling a home, and a buyer has removed all contingencies and it's set to close tomorrow. It's too late. But if they had even one contingency remaining and you had even 48 hours or 72, we can set up the Deferred Sales Trust and actually have this thing work.
Now, it'd be a real stress cause it's a lot of pressure with the timing. Generally we like to be 7-14, at least 30 days in advance. The earlier the better for everybody.
If it is an investment real estate property you can also have that sent to a 1031 exchange company and that buys you another 45 days. You use the deferred sales trust up to day 181 so we can say failed 1030 exchange.
He was selling a highly appreciated apartment complex, 128 units and 7.6 million. We had about 1.1 million of liability of tax, if he didn't complete his exchange. Due to the prices were so high, he decided to use the Deferred Sales Trust, instead of doing the 1031 exchange.
And you can learn more about that at capitalgainstaxsolutions.com. As always, we believe most high net worth individuals and those who help them struggle with clarifying their capital gains tax deferral options. Not having a clear plan is the enemy, but having a proven tax referral strategy such as the Deferred Sales Trust is the best way for you to grow your wealth.
Question: Why not use a Deferred Sales Trust??
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