8 Tax Loopholes to Reduce or Avoid Capital Gains Taxes

• High-net-worth investors use many loopholes to reduce their taxes.
• Among them are exchange funds, collars, 1031s, and hedging and borrowing against assets.
• But investing in qualified opportunity zones has been the home run strategy.

In simple terms, there are only three places your money can go: to you and your family, to charitable organizations, and to the IRS. That’s the pep talk Nayan Lapsiwala, a director of wealth management and partner at Aspiriant, gives his ultra-high-net-worth clients.

The second part of his pep talk is to avoid letting tax avoidance undermine your financial future. It could be a bad idea to keep a stock solely to skip out