Buy into a partnership; step up your inside basis to FMV.
When you purchase a partnership interest, a §754 election lets the partnership adjust the inside basis of assets to match your purchase price under §743(b). Result: bonus depreciation and larger deductions flow to you — not the other partners. Critical when buying into rental LLCs, med-spa partnerships, or private equity vehicles.
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Borrow against cash-value life insurance at guaranteed rates.
Deduct 60–80% of working-interest investment in year 1.
Insure your own business risks — premiums are deductible.
Hedge funds + alternative assets inside a tax-free wrapper.
Sell appreciated assets tax-free + get lifetime income + charitable deduction.
Deduct now at FMV, grant to charity later — skip cap gains.
Lock in the $13.6M estate exemption before 2026 sunset.
Transfer appreciation to heirs with near-zero gift tax.