Swap an underperforming life policy or annuity for a better one — no tax on embedded gains.
IRC §1035 permits tax-free exchanges of (1) life insurance for life insurance, annuity, LTC, or endowment; (2) annuity for annuity or LTC; (3) LTC for LTC. Trapped in an old high-cost annuity with $200K of gain? Exchange it for a low-cost Vanguard/Fidelity annuity or a fee-based product without triggering tax. Also lets you exit a poor-performing policy for a better-designed one (overfunded IUL, private placement life). Direct carrier-to-carrier transfer required.
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.