Capital gains are common for our client base & may result from:
- Equity compensation, vested shares, RSUs, etc.
- Sale of a primary residence or rental property
- Liquidation of stock portfolio or inherited assets
- Sale of business interest or sale of entire company
For these types of situations, we are frequently approached with the following questions:
- How much tax should I set aside for this proposed situation (planning)?
- Are there any tax-saving strategies for me available for me to limit my capital gains?
- Can I use tax-loss harvesting techniques to optimize my tax obligation?
- Can you assist with filing my annual tax return?
- Should I make estimated tax payments, and if so, how much?
- How are state taxes computed?
- Are there better tax outcomes if I wait?
- If I am selling a rental property, how is depreciation recapture accounted for?
- If I am selling inherited assets, what is my “cost basis?”
- Can I construct a plan for more than one year of equity vesting, exercises, and sales?
These (and more) are all common scenarios that we compute for the clients.
Contact us at hello@dimovtax.com if you would like to get started with an analysis, tax return, or to book a consultation to discuss strategy.
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72-year-old combat vet with VA loan on primary, retired from paramedic firefighter, approx. 90k/yr. ; married to disabled, legally-blind 60-yr-old. We recently sold rental for $600k, purchased 30-yrs ago for $206k, current cap.gains figured by tax advisor at $160K. Can you do better?
Hi! It is not possible to gauge your tax outcome without knowing how much you have in accumulated depreciation, passive unallowed activity losses, withholdings from other sources, etc. I will send you an email now with a quote for services – we can go into details if you would like to hire us on a consulting basis to review the work of your tax advisor.