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.
Tax Facts on Investments is your complete source for tax information that relates to investment planning and transactions. Written for financial advisors & planners, insurance professionals, CPAs, attorneys, estate planners, and more, Tax Facts helps advisers of all kinds understand the tax implications of the recommendations that they make for their clients. This publication offers:
- Thousands of 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 that give concise advice on how to handle real-world issues
- Tax information to help advisers avoid costly mistakes, as well as correct problems when they do occur
New in the 2022 Edition:
- The advantages and disadvantages of using cryptocurrency, including the IRS's new revenue ruling on the taxability of cryptocurrency, identifying when a gain is treated as a capital gain or ordinary income
- New reporting requirements for bitcoin transactions
- Complete updates on the legal and regulatory changes related to the CARES Act, including relief to REMICs
- Extension of the safe harbor provisions for Opportunity Zone projects because of construction delays related to Covid-19
- Final regulations on the implications if a property straddles an opportunity zone and non-opportunity zone
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, and electronic currency
- And More! See the "Table of Contents" section for a full list of topics
