When you learn some minor expense is not deductible...
Paper cuts
Discounts available for wealth managers. Just reply to this message.
The April 15th tax return deadline is approaching. Any nasty surprises this year?
Hit reply and give me a sentence or two, and I’ll aggregate into a tiny (hopefully hilarious, certainly anonymous) post-mortem.
Many investors and advisers are reckoning with tax-aware long/short gains, losses, margin, short rebate, dividends, payment in lieu, and borrow fees for the first time. How’s it going?
If you’re getting up to speed on tax-aware long/short, here is a brief introduction.
Bloomberg
I was on Bloomberg talking about seeding ETFs in-kind via Section 351.
Here’s my 351 tracker: https://www.351.tax.
Here’s my deep dive paper w/ Elie Rozner: Managing Concentrated Public Stock Positions by Seeding an Exchange-Traded Fund
It took my trader buddies about 10 seconds to start texting me after the segment ended, but I’m pleased to say it took days for any wealth management buddies to notice.
As it should be! Wealth is slow and deliberate. Plan and chill.
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TGIF