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How does an individual use a "carried interest" stake to increase their IRA account?


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The BIDaWIZ Team's Answer:

Carried interest is the performance-based fee many money managers earn on the assets they manage. The manager values the carried interest at low values (to meet the reporting thresholds) and puts them into the IRA as it grows. The carry interest is taxed favorable at a low long-term capital gains tax rates.

References: IRC Section 702; 1221(a)
State: Maine

The BIDaWIZ Team

 

 

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