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 2023 Edition:
- New questions on the Inflation Reduction Act of 2022, including discussion of the stock buyback tax and when it does or does not apply and the extension of the excess business loss limitation provision through 2028
- A new set of questions on non-fungible tokens that defines NFTs, when the creator or buyer of a NFT is subject to federal or state taxation, the consequences of an NFT being classified as a collectible and valuation of an NFT for purposes of determining gain or loss on a sale or disposition
- New discussion of decentralized autonomous organizations and their relationship to non-fungible tokens
- Information on whether taxpayers are required to report cryptocurrency transactions of $10,000 or more
- Update on how the nationwide disaster designation remains in place, meaning that opportunity zone businesses are entitled to amend their plans
- The latest on charitable deductions under the CARES Act
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)
- And More! See the "Table of Contents" section for a full list of topics
