Get ready to pay Capital Gains Tax when you sell an asset, including stocks or real estate, for a profit. It's a good problem to have! But as Peter Richon with Richon Planning explains to Erin Kennedy, there are some strategies that can help you avoid or minimize capital gains tax, including:

1. Paying the Tax Now in a Low Tax Rate Environment
2. Donor-Advised Funds (DAFs)
3. Tax-Loss Harvesting
4. Holding Periods
5. Charitable Remainder Trusts (CRTs)

 Each of these strategies comes with its own rules and potential pitfalls, so it's essential to consult a tax advisor or financial advisor to tailor the approach to your unique goals and current financial situation. If you'd like to see whether these strategies could minimize your Capital Gains Tax, please feel free to give Peter a call at (919) 300 - 5886 or visit www.RichonPlanning.com

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