#485 10 Capital Gains Tax Strategies that Keep More Money in Your Pocket
Main Street Business
Mark J Kohler and Mat Sorensen
4.8 • 584 Ratings
🗓️ 16 March 2024
⏱️ 21 minutes
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| 0:00.0 | Welcome to capital gain strategies that only the rich know about. |
| 0:07.0 | In this video, I am going to walk you through 10 strategies that you can use to tackle capital gains tax. |
| 0:12.0 | Now, this information is usually behind a massive paywall that only the wealthy can afford. |
| 0:17.0 | More specifically, I'm going to explain how these 10 strategies may actually avoid |
| 0:22.4 | delay, offset, or eliminate capital gains taxes altogether. In fact, last week, I just helped |
| 0:28.6 | a client wrap up the deal of saving over $700,000 in capital gains tax for 2023 and pay zero in tax. |
| 0:37.6 | Now, don't think this doesn't apply to you. |
| 0:39.5 | This can apply to a small business, big business, or no business at all. |
| 0:43.5 | If you don't start applying these strategies immediately, |
| 0:46.1 | you're going to be leaving a lot of money on the table. |
| 0:48.3 | And this is information you may only learn from technically trained accountants or lawyers |
| 0:53.3 | who some may say are very expensive, |
| 0:55.3 | but are working in the trenches daily to help their clients better understand how to tackle |
| 0:59.2 | the capital gains tax and which strategies actually work. And today, I'm here to guide you through |
| 1:04.3 | these strategies. I am that guy. I am a CPA, attorney, bestselling author, and a partner |
| 1:09.9 | in a law firm for over 20 years |
| 1:11.5 | helping clients tackle these and many other tax issues, saving them thousands and thousands |
| 1:16.5 | of dollars. |
| 1:17.4 | First, let's talk about two strategies to avoid capital gains tax. |
| 1:23.5 | Number one, the charitable remainder trust, or CRT. |
| 1:27.3 | Now, there's a lot of variations of the CRT, and it can get complicated really quickly. |
| 1:32.8 | But let me give you an example here on the whiteboard of how the CRT generally works, and we like the CRT, or the charitable remainder unit trust. |
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