Invaluable Income Tax and Basis Strategies
With sweeping tax reforms, income tax planning and tax basis management will be at the forefront of estate planning for years to come. Wealth management strategist Paul S. Lee explains how partnerships (and disregarded entities) can be used to shift basis between assets, maximize the “step-up” in basis, defer and shift tax items (income and deductions), and transfer wealth in a world of diminishing valuation discounts.
Benefits of Attending:
- Determine inside basis, outside basis, and capital accounts
- Make effective gifts and sales of partnership interests
- Gain the basics of stripping, shifting, and swapping basis
- Creatively use the applicable exclusion amount