The TCJA didn’t eliminate like-kind exchanges; however, it did eliminate tax-deferred like-kind exchange treatment for exchanges of personal property after December 31, 2017.
Section 1031 Like-Kind Exchanges under the TCJA
Industry: High Net Worth Individuals
What Does the New Qualified Business Income Deduction Mean for You?
To maintain the incentive for individuals to own and operate a pass-through entity, the Act introduced the new Section 199A Qualified Business Income Deduction.
4 Steps to Create an Organizational System for Important Documents
Creating an organizational system for important documents will help the… Read more »
State Income Taxes for the Investor – One Size Does Not Fit All
Do you know the state income tax implications of the… Read more »
Irrevocable Life Insurance Trusts: Administration Checklist
An Irrevocable Life Insurance Trust (“ILIT”) is a trust that can be used to minimize estate taxes by moving the proceeds of life insurance policies outside of your taxable estate. This article provides a general overview of ILIT funding and administration requirements.
Fixed Income Investments: Strategies for Bond Portfolios in a Changing Market
Because bonds can be purchased either individually or through a bond fund, it is essential that distinctions are drawn between the two since they are mechanically different.
Custodial Roth IRAs and the Magic of Compound Interest
A custodial Roth IRA is a retirement savings account funded with post-tax dollars for individuals under the age of 18.
Qualified Appraisal: Protecting Your Charitable Deduction
Your entire charitable deduction hinges on meeting the tax filing requirements including timely meeting the Qualified Appraisal requirement. This article covers the basic concepts.
Private Foundations: Avoiding Prohibited Transactions
Private foundations allow families to maintain direct control over the foundation’s investments and charitable activities. This article discusses five transactions private foundations should avoid.
When Should You Exercise Your Nonqualified Stock Options?
Nonqualified Stock Options (NSOs) are the most commonly used form of stock option. NSOs do not qualify for special tax treatments like incentive stock options, but they also have less restrictive provisions under the tax law.