What are the available strategies to lower or even eliminate capital gain taxes?
BloombergTax.com has an article that discusses several strategies, the list is here, for details, please read the article here.
- Section 1031
- Invest in QOZ via QOF
- Section 121 (exclusion of gain from sale of principal residence)
- Section 453 (the installment sale provision)
- Sections 170(a), 170(c) and 501(c)(3) (Charitable Donations and Tax-Exempt Organizations—Charitable Remainder Trusts, Donor-Advised Funds and Family Foundations)
- Charitable Remainder Trusts (CRTs)
- Donor-Advised Funds (DAFs)
- Family Foundations
- Section 1202 (the Small Business Stocks Gains Exclusion)
- Section 179, the JOBS Act and the CARES Act (election to expense certain depreciable business assets)