“In between that process, she also had to overcome, of course, is it illegal? Does it work? What’s the track record, the security of the transfer she had in cold storage? We had a Kraken account opened up.” – Brett Swarts



Latest Crypto Deal Using The Deferred Sales Trust with Brett Swarts



Brett Swarts:

Let’s move into the deal close story of the week. I’m really excited about this one, and I want to try to paint the picture for you. This is a gal who’s in her 20s, who bought Bitcoin at a very, very early adoption phase, somewhere for around 14 to $20,000. It was what her total amount in. I don’t know the exact number except it was pretty much close to zero where she bought it. It literally went to $50 million. About a month ago, she watched one of this Mastermind and said, “Over the last 48 hours, we couldn’t stop watching all of your content, and all learning all about the Deferred Sales Trust, and we’ve been trying to solve this because I have never sold one Bitcoin.” In fact, she goes, “Well, actually, that’s actually wrong. I bought it the first day, the next day lost like eight or 10%, and I sold it, it was a very small part. But then I bought back in a couple of days later, and then I have never sold since.” And she just slowly kept buying and buying and buying and never sold because partly because of the Capital Gains Tax.

But the other part of it was she wanted to be able to retire from the corporate W2 google job, and she wanted to start another potential business and do some other things. And so for her, she’s living in California with a high Capital Gains Tax. She found us and she goes, “Look, I have an outcome for the funds. I don’t want to just sell it to sell to defer the tax. I have a place that helps provide some transformation for myself.” Actually, her business partner was like, they knew each other in college, and were close friends and continued being close friends. So he had the business idea. She liked the idea, and guess what? They were able to sell 5 million to start, 5 million. So it actually basically matches our, our last our first DST Crypto Deal, which was cerium with Bitcoin that happened about 90 days ago, and that was 5 million. So she started Now it’s interesting. They did both did 5 million and part of why she did 5 million is because she’s single, and remember what the DST, IRC 453, 5 million per person per year on the DST call that regular.

Anything above and beyond that would be subject to an interest rate. This first 5 million although she needed about 6.3 million is the first 5 million. Is that a 0% interest charge from the government, and it’s been about from the time we first talked to now it’s been about 30 days, and we closed it as of about a week ago. In between that process, she also had to overcome of course, is it legal? Does it work? What’s the track record? The security of the transfer she had in cold storage? We had a Kraken account opened up, we were able to show here the two FA codes to make sure everything was seamless there and transparent. She talked with the bank. A high level of due diligence was very sophisticated and smart. But she got comfortable with it. We just closed.




Closed Deal Story


Can I Save Capital Gains Tax When Selling Cryptocurrency? The answer is, “YES.”


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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