Forbes has published an article, “Increasing The Capital Gains Rate: Tax Planning In A Time Of Flux”, which discusses taxpayers’ plans to accelerate or defer gains in the midst of President Biden’s proposed increase to the capital gains tax rate. The article begins as follows:
Anticipating President Biden’s proposed increase in the capital gains tax rate, taxpayers are deciding whether and how to accelerate gains or how to defer them after an increase for as long as possible.
The uncertainty around the timing and extent of the increase, as well as other important details that will need to be established during the legislative process, makes short-term decisions a challenge for taxpayers who might meet the threshold for the proposed higher rate.
Click here to see the full article: “Increasing The Capital Gains Rate: Tax Planning In A Time Of Flux”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.