The art of avoiding capital gains

Art assets carry higher capital gains rates than most investments, but they also open the door to more ways of avoiding the taxes that usually coincide with those earnings.

Financial planners who spoke with me as part of this mini guide to art assets discussed the step-up in tax basis, charitable donations, trust methods and loss harvesting as some of the primary means of bypassing potential capital gains and their accompanying duties.

Check out the story below, along with some other standout pieces from the last few weeks. And have a great week.