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The Low-Cost-Basis Asset
Do you own a low-cost-basis asset, like a stock you bought 30 years ago for $5 per share that is now worth $50 per share? While everybody wants that type of appreciation out of their stock picks, there can come a time when the thought of the government claiming some of our profit in the form of taxes becomes a very distressing notion.
So, what happens if I sell that stock for $50 per share and have a realized long term capital gain of $45 per share?
As already mentioned, Uncle Sam is going to compliment your stock selection capabilities by taking a percentage of your profits.
Realizing this possibility, the question becomes…Are there any ways to minimize this infringement on our financial success? Matthai Capital says, “Absolutely!”
Matthai Capital has a number of different solutions to deal with the Low-Cost-Basis Asset to minimize taxes and also provide other benefits to the owner. Some of these solutions are simple, while others are quite complex. In the same way, different circumstances and types of assets call for different types of solutions. Matthai Capital has knowledge or has aligned themselves with those that have knowledge of these solutions and how to match them to your individual situations.
We will do everything we can to see that your asset never becomes a tax burden, but rather serves you and other generations to come.
Give us a call or send us an e-mail to discuss your situation and our solutions in more detail.
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