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How to Reduce Capital Gain Taxes Under Biden’s 2021 Proposal Using an Installment Sale Under Current Internal Revenue Code Section 453.

By Paul J. Lesti, CSSC, RSP, MSSC

There are reports that President Biden’s 2021 American Families Plan proposes to increase the marginal tax rate for capital gains to 39.6% for those earning more than $1 million.  This article will outline existing relevant taxes, exemptions and fees, and describes a solution using current tax laws.  Please note that this increased capital gain rate proposal is not a law and will likely change before being finalized.

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