Publisher's Synopsis
Investment techniques and products are complicated matters that carry their own set of tax issues, and advisers cannot possibly make the thorough and complete assessments that clients depend on without understanding this ever-changing area.
This publication offers:
- Thousands easy-to-read Q&As that comprehensively cover all aspects of investment planning and investment transactions
- Practical advice for any professional, including in-house investment planners, CPAs, and financial and estate planners
- Detailed explanations of the various types of investment products and techniques that are most commonly used by individuals and businesses
- Practice Points give concise advice on how to handle real-world issues
- Having the right tax information helps avoid problems before they become costly mistakes, as well as correct problems when they do occur
New in the 2024 Edition:
- A new section on energy efficient home tax credits under the Inflation Reduction Act, including transferability of tax credits to unrelated taxpayers, and wage requirements for work done to claim the credit
- SECURE Act 2.0 updates, including when a taxpayer can use a qualified charitable distribution to satisfy their required minimum distribution
- Analysis of the relief for corporations that are subject to the stock buyback excise tax
- The latest on the IRS's intent to provide guidance clarifying that nonfungible tokens (NFTs) will be taxed as collectibles
- Updates to all the inflation adjustments
- Coverage of IRS released proposed regulations that, if finalized, would require brokers to report sales and exchanges of cryptocurrency and digital assets to the IRS
- Update on how the IRS extended the wash sale relief that it had already provided to shares in money market funds
Topics Covered:
- Investment products like stocks, bonds, options, and futures
- Tax implications of investment purchases, sales, and trades
- Estate and gift tax implications
- Tax implications of various investment strategies
- Tax questions related to investments by both individuals and businesses
- Mutual funds, ETFs, REITs, and Unit Trusts
- Commodities such as live stock and oil and gas
- Real estate investments
- Precious metals, collectibles, bitcoins, and NFTs (non-fungible tokens)
