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Topic: IRS Section 1031 exchange window closed - what to do now? (Read 181 times)

newbie
Activity: 10
Merit: 0
Here's a few ideas:
  • Proactive planning to time transactions to take advantage of LT capital gains rates
  • Bitcoin futures Sec. 1256 treatment yields a 60/40 LT/ST treatment
  • Use FIFO, LIFO, HIFO, or Spec Id cost basis methods to take advantage of timing opportunities
  • Consider using a corporate entity for the 21% corporate rate, but this requires planning on taking profits
  • Use a self-directed retirement account to defer gain (or be tax free if Roth)

Of course, secattorney, anyone consider these options should consult with their CPA, Enrolled Agent, or Tax Attorney to properly plan a strategic, proactive tax plan that fits their unique situation.
newbie
Activity: 65
Merit: 0
The GOP tax plan limits Section 1031 property exchanges to real estate - what can you do to limit capital gains tax?

Not much, imo. Thoughts welcome https://youtu.be/QhUyoKcphzs
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