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 say you had a million dollar deal and wanted $250,000 to go spend on a boat or go travel. Instead of putting the full million into the trust, you can put just $750,000 and the rest of it would be considered a boot.
If you're in a 1031 exchange, you would pay taxes only on the capital gains tax portion of the money, which you kept for yourself outside the trust.
Question: When the trust sells the property may I keep some of the cash from the sale??
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