🎉 Basis Northwest is my 2026 taxable wealth conference. Check out the landing page to learn more about attending, sponsoring, or speaking.

What I’m reading…

• NB: Diversifying Concentrated Stock Positions
• K&L Gates: Domicile and Residency (the tax implications of moving from WA)
• Alliance Bernstein: Margin Loans Can Help Keep Concentrated Stock Positions—but Know the Risks
• The Tax Adviser: A Walk Through the Step Transaction Doctrine
• Meb Faber: Your Asset Allocation Doesn’t Really Matter…
• The Economist: Introducing the 25/25/25/25 portfolio
• Anderson, H., Marshall, B., & Miao, J. (2014). The Permanent Portfolio

I’m pleased to see NB mention §351 conversion as a possible concentrated stock solution, though this needs to be treated very delicately.

If you need to get up to speed, my illustrated book on §351 conversion could help.

Buy a copy…. (I only have 2 left…)

Here’s how it works…