Building your wealth knowledge is key to building your wealth. If you’ve mastered the latter, one thing that can cut down your net earnings is paying a record-high capital gains tax.
From working days at Marcus & Millichap and nights waiting tables at The Cheesecake Factory, Brett Swarts now owns two financial businesses and has helped his clients defer hundreds of millions of dollars in taxes.
Brett takes time from his own podcast, Capital Gains Tax Solutions, to inform Dan and Mike on an alternative solution to using the limiting 1031 exchange. He shares why a deferred sales trust is the Netflix to the 1031 exchange’s Blockbuster.
While this method isn’t a one-size-fits-all solution, a deferred sales trust gives you the option to roll your assets into another investment with no timeline. Unlike a 1031 exchange, this contract applies to real estate, artwork and collectibles, NFTs, cryptocurrency, and more. Listen to this episode to learn more about how to maximize your wealth with the help of a team like Brett’s at Capital Gains Tax Solutions!
Topics discussed in this episode:
Tune in to Brett’s podcast and learn more about his company, Capital Gains Tax Solutions, here: www.capitalgainstaxsolutions.com
Check out the Capital Gains Tax Solutions YouTube channel to get more information on deferred sales trusts, 1031 exchanges, and more.
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