As we approach year end, now is the time for individuals to review their 2022 and 2023 tax situations and take action. In this episode, we’ll chat about some of our suggestions for individuals to consider:

• 1:23 - Effective tax rate and marginal tax rate
• 4:35 - Strategies for large capital gains (deferral and installment sale)
• 5:13 - Types of income and timing considerations (ordinary vs. capital gain income and losses)
• 6:58 - Rental properties and losses
• 10:22 - Itemized deductions, the ABE election
• 11:15 - Charitable giving through a donor advised funds
• 12:55 - Installment Sales
• 15:11 - Strategies for the sale of a property to address capital gains, opportunity zones, etc.
• 21:45 - Charitable contributions (property or appreciated stocks)
• 24:52 - Schedule C strategies (methods of accounting, depreciation of assets, deductions)
• 26:07 - Alternative Minimum Tax (AMT)