Posts Tagged ‘capital gain’

IRS Rules that Bitcoins are Not Money

One of the main principles of modern currency is that it must be “fungible” to be considered as money, which means that one unit, say a $100 bill, is able to replace or be replaced by any other $100 bill; that the two are, in essence, identical and mutually interchangeable. Based on that fact, the…

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Charitable or Charity Trusts

Several types of charitable or charity trusts exist, including: Charitable Remainder Trust With a charitable remainder trust, one puts assets, ofttimes appreciated assets, into a Charitable Remainder Trust and takes back a 5 – 10% (of asset value) stream of income for a period of years, or for a lifetime, and then at death whatever…

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