Kevin Harrington Learning About The Deferred Sales Trust For The Sale of Highly Appreciated Stock
“You buy stock, and the stock is at this price. Then two years later, the stock is triple the price and you want to sell it. Are you telling me that you have a way to defer the tax situation there?” – Kevin Harrington
Kevin:
We’re talking about structures, ideas, and maybe you can shed some light on it for me too.
Brett:
That’s actually why we started our company Capital Gains Tax Solutions because in 2008 crash, a lot of my clients when I was at Marcus & Millichap selling highly appreciated, multifamily properties in Northern California. they had felt trapped and pressured to hit overpaid via 1031 Exchange. That’s the only thing they knew. They thought that was the only tool they could use the defer tax, and then everything stopped, and it was in the 05, 06 market and 08 hits, and then some of them lost everything, someone lost half. Then we found out about a thing called a Deferred Sales Trust, which goes back 25 years now 1000s of closes, it’s been through the IRS, but it’s proprietary, and it’s protected. We launched our company on that on basically that premise that there is a better way. It’s an alternative way, and it can actually work for not only real estate, but it works for primary homes or for business sales works for stock. It’s had an amazing track record. But even the smartest folks either have heard about it or don’t quite know about it, because they think they know but they don’t.
Kevin:
Let’s talk about public companies and stock. Because you mentioned you started off saying that the capital gains work for real estate. How do you do that? When you buy stock, and the stock is at this price, and then two years later, the stock is triple the price and you want to sell it. Are you telling me that you have a way to defer the tax situation there?
Brett:
Absolutely. Yes.
Closed Deal Story
Silicon Valley Technology Expert Finds A ‘Deferred Sales Trust’ To Break Open A Clear Path To Sell Cryptocurrency To Defer Capital Gains Tax
Can I save capital gains tax when selling cryptocurrency? The answer is, “yes.” About 7 years ago, Peter and his wife purchased their first Ethereum. Who would have anticipated that the value would have increased by thousands of percent in just a few years? Peter, who has worked in the technology field for more than 20 years, saw a great opportunity to sell in late 2017, however, without a clear legal plan to defer the large capital gains tax, found himself feeling trapped by the consequences of selling.
Peter held on to his belief in the fundamental value of ethereum and the potential business opportunities it brought to end-users during the 2018 crash when the value of ETH fell from $1,432 to below $90. “That was a tough pill to swallow,” Peter continued. Fortunately, everything returned in 2021, and much more. In early 2021, Peter met Jessica Lanning of Lanning Financial who told him about the Deferred Sales Trust and introduced him to Brett Swarts of Capital Gains Tax Solutions. Then in May of 2021, ETH reached an all-time high of $4362. “I knew it was time to sell at least a big portion of my stock since I didn’t want to miss this opportunity again. Let’s just say it’s been a long three years since the high in 2018.”
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Want to learn more? Check Out The Blogs Below!
- Can a Deferred Sales Trust Be Used for Mergers and Acquisitions?
- How to Defer Capital Gains Tax When Selling Your Cryptocurrencies
- Need An Exit Strategy? The Deferred Sales Trust Might Be the Answer
