Part 3: Important planning strategies in 2021: Capital gains {PFP Section}

American Institute of CPAs - Personal Financial Planning (PFP)

Guest: Bob Keebler, CPA/PFS

Under the Biden proposals, the capital gain and qualified dividend rate will be 39.6% for those with income of 1 million or more. In this PFP Section podcast episode, Bob Keebler, CPA/PFS, helps you get ahead of this with your clients by sharing:

• What to be mindful of if we jump to a 39.6% capital gain rate and lose the step up in basis at death
• The window of opportunity for adjusting portfolios and realizing gains this year
• Why it may not be prudent to fund a CRT in 2021
• When it makes sense to sell and pay tax now versus continuing to defer

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.

• Part 1: Important planning strategies in 2021: Step up in basis
• Part 2: Important planning strategies in 2021: Estate
• What you need to know about the For the 99.5% Act
• Sensible Taxation and Equity Promotion (STEP) Act
• Guide to Financial & Estate Planning

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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