• Donate and repurchase

  • Mar 22 2024
  • Length: 6 mins
  • Podcast

  • Summary

  • Typically, tax laws prevent investors from selling shares and repurchasing the same stock within 30 days. But when you donate your shares, you can immediately repurchase the same stock at its fair market value, resetting your shares at a higher cost basis. In this episode, we will learn the tax minimization strategy of donating and repurchasing stock.

    My name is Jamaal “Crypto J” Solomon, founder of J.S. Tax Corporation. The goal of this podcast series to give you REAL tax advice in 7 minutes or less. You literally have no excuses!

    Here is my Source Award pitch to you……

    Any taxpayer out there that want to be tax savvy and want to stay a star, and don't have to worry about their tax accountant trying to be all in the tik tok videos, all on the YouTube, dancing... come to J.S. Tax Corporation!"
    Let’s Go!

    Support the show

    Looking for a new accountant? Free 20 minute consultation: https://jstaxcorp.hbportal.co/schedule/6544f8dac5128d0027c0f003

    FREE weekly tax group sessions: https://pensight.com/x/jamaalsolomon/new-group-event/4ce5aeeb-0ca9-47dd-9219-e6d8fcf7dcf8

    J.S. Tax Corporation's website: www.jstaxcorp.com

    Help us by becoming a paid subscriber: https://www.buzzsprout.com/2287413/support

    Youtube page: https://www.youtube.com/@36chambersoftaxes

    Ebook: https://www.amazon.com/Good-Guys-Tax-Journey-Part-ebook/dp/B00FMGH9P6

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