Surgeons use tax-aware long/short to offset royalty income
Royalties could receive long-term capital gains treatment
What I’m reading…
Doctors, royalties, and tax-aware long/short:
Veritas Wealth: Surgically Precise Tax Savings for Orthopedic Innovators
IRC §1235: Sale or exchange of patents
The Tax Adviser: Capital Gains Treatment for Patent Royalties Denied
Willkie Farr & Gallagher: Musicians can do something similar
AQR: Experience Matters: Addressing Five Common Criticisms of Tax Aware Long-Short (TA LS) Strategies
Matt Zeigler w/ Devin Anderson: Counterintuitive Lessons from Financial Disasters
Wealth Actually w/ Frazer Rice (and me): Tax-aware long/short + estate planning (waaaay more to come on this exact topic)
Andre and I interview Nick Maggiulli about his new book, The Wealth Ladder,
…live in a handful of hours… 11 AM PT.
Experience Matters: Addressing Five Common Criticisms of Tax Aware Long-Short (TA LS) Strategies
Tax-aware long/short refresher in 3(ish) sentences and 2 charts.
How excess margin behave in response to various shocks to the portfolio.
Not the mouse!
Man works during an incredibly important game
