Mark Kohler explains how crypto investors facing capital gains taxes above 30% can use a Charitable Remainder Unitrust to defer taxes while keeping control of assets and receiving lifetime payments.
The CRUT Charitable Remainder Unit Trust. Now let me explain when this makes sense. If you bought some cryptocurrency a year ago, five years ago at some ridiculous lower amount and now it's worth 10x or 20x what you paid for it, what you're sitting on is called a huge capital gain and capital gains tax is not pretty. It can be in the high 20s when you start to add in the Affordable Cares act, your state tax and your ordinary bracket that can affect your capital gains rate. Now I know that sounded complex but your tax rate could be over 30% on the sale of that cryptocurrency or if you even trade it for another type of cryptocurrency. People, you got to be ahead of the curve on this. Now that's the capital gain exposure. So what we want to do is not pay capital gains tax and put together a structure where there's no tax at all but you continue to control that money and get cash flow for the rest of your life.
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