Published in the May 2025 issue of Estate Planning, a Thomson Reuters journal, Michael Kelley discusses a dozen ways to enhance tax-efficient financial plans with Qualified Opportunity Funds. He illustrates the numerous strategies that can be used to defer or eliminate capital gains, leading to financial freedom and wealth.
Originally published in multiple Thomson Reuters’ journals, Michael Kelley highlights a new generation of QOFs structured as REITs, offering stock shares instead of limited partnership interests. This structure increases accessibility, allows investors to control their holding period, and provides tax advantages like the 20% QBI deduction.
Irrevocable grantor trusts (IGTs) have long been used to pass down appreciating assets, such as family businesses or real estate, through generations. IGTs’ flaw are that it can make capital gains tax worse. Qualified Opportunity Funds can eliminate these capital gains taxes. It is a powerful pairing.
This article describes how changes in the tax law have taken away “like-kind exchanges” for those with capital gains in collectibles (art, precious metals, etc.), but has also given collectors a powerful new tool in the form of Qualified Opportunity Funds.
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