Cryptocurrency Q&A
What is the trust fund loophole?
What is the trust fund loophole?
CryptoChieftain
Sat Dec 07 2024
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6 answers
1013
I've heard about a loophole related to trust funds, but I'm not sure what it exactly is. Could someone explain to me what the trust fund loophole is all about?
6 answers
Nicola
Mon Dec 09 2024
In the context of the stepped-up basis rule, an individual's "basis" in an asset refers to the original price they paid for it.
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Giuseppe
Mon Dec 09 2024
The trust fund loophole is a term used to describe a specific aspect of U.S. tax law known as the "stepped-up basis rule."
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Valentina
Mon Dec 09 2024
When the asset is transferred to a trust, the beneficiary's new basis in the asset is typically reset to its current fair market value.
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Caterina
Mon Dec 09 2024
This rule essentially provides a tax exemption that allows individuals to transfer appreciated assets to the beneficiaries of a trust.
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Stefano
Mon Dec 09 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of both individual investors and institutions.
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