I’ve been digging into some creative ways to optimize taxes for high-net-worth clients, especially those heavy into real estate and crypto. Everyone knows about 1031 exchanges and tax-loss harvesting, but I’m curious what are some of the more overlooked strategies you’ve seen or used?
For example, I’ve heard some investors leverage opportunity zones for deferring capital gains, while others use self-directed IRAs to hold crypto or rental properties. Are there any niche loopholes or structures you’ve found particularly effective? Would love to hear what’s worked (or what hasn’t) for others in this space.
Charitable remainder trusts are slept on defer gains AND get income for life! Also, check out captive insurance for legit tax-free wealth building. #TaxHacks
Charitable remainder trusts offer strategic tax deferral and lifetime income streams. Captive insurance is another viable option for tax-efficient wealth accumulation. Both require careful structuring to maximize benefits.
Trusts and insurance? Sounds like a game for the rich to stay rich. The rest of us just bleed taxes.
Both sound like solid options for tax planning. I’d definitely consult a pro before diving in though!
“Consult a pro”? Yeah, because they’ve never steered anyone wrong before. Good luck with that.