How to Avoid and Defer Capital Gains Tax

Worried about capital gains tax liability? Do you have income from capital gain? What can you do about capital gain income tax? 👉 Book a Call at www.cunninghamlegal.com/book-... for help with income from capital gain, estate planning, or tax planning.
This video is a must-watch for anyone dealing with capital gain tax on property sale, capital gain income tax, ca inter capital gain, and capital gain tax in stock market. Reduce the bite of capital gain tax! This webinar demystifies key strategies for deferring and avoiding capital gains taxes, whether you're dealing with income from capital gain, a property sale, or other assets. Learn about legal methods such as tax-loss harvesting and 1031 exchanges to potentially reduce or even eliminate your capital gain income tax from attorney and author, Jim Cunningham.
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[@ritafong8587]

very informative. Thank you!

[@CunninghamLegal]

You're welcome!

[@chuck_in_socal]

It's ridiculous that you can't sell a house to buy an equivalent one 10 miles away without paying capital gains tax.

[@CunninghamLegal]

If it is your primary residence you can often exempt $250K in capital gain if you are a single filer and $500K if married filing jointly.

[@0SCJustJohn]

Informative video, thanks. If I wanted to do an installment sale with cryptocurrency do you know if that would be possible (since they are not securities) and how I would do it? If it is, would I be able to sell everything at one point and then take that value in installments each year, or would it have to be sold in chunks each year?

[@CunninghamLegal]

We haven’t seen much use of the installment strategy as the Charitable Trust structure has been modeled out to provide better outcomes. That being the case, we would be happy to work on this strategy to spread out the capital gain over multiple tax years. BEWARE: a MONETIZED installment sale is a listed transaction. www.irs.gov/newsroom/treasury-and-irs-issue-proposed-regulations-identifying-certain-monetized-installment-sales-as-listed-transactions (This is NOT legal advice, or any other kind of advice. It's just information.)

[@patrickrodgers1380]

nm is bad state to live in for taxes. forget how low property taxes are. look at the state taxes and capital gains taxes. i was going to move there until i found out that i was going to have to pay 60 thousand dollars just on a capital gains tax that i have to pay soon when i sell some of my stocks etc... so now im going to move to a state that has no state tax or capital gains tax. these types of things are killing that state and people with money wont move there.

[@CunninghamLegal]

Patrick, you should check out our recent video in retiring in CA!: kzbin.info/www/bejne/jaqueXd_jaZqrac