Your capital gain conversation checklist

A private worksheet to prepare for a conversation with Paul and your professional team. Estimates and “not sure” are useful answers. Keep this worksheet with you; it does not need to be submitted.

1. Describe your situation

• Sale type: business, stock, real estate, or another asset.
• Stage: planning, under contract, or already sold.
• Actual or expected closing date.
• Person or entity involved in the sale.
• Amounts expected later, if any.

2. Identify questions for your tax professional

• What is known about my gain estimate, and what still needs review?
• Which payment dates and other deadlines apply to my circumstances?
• Which records should I have available for a professional review?

3. Think about cash and investment risk

• What money do I need for taxes, debt, spending and other commitments?
• How much could remain invested for an extended period?
• What if distributions arrive later than expected or I need money sooner?
• How would a loss affect my broader plan?

4. Write your three main questions

1.

2.

3.

5. Prepare for Paul’s review

Have your contact preference, approximate investment range and questions ready. Our general investment guideline is $100,000. Smaller amounts may be considered case by case. Each offering has its own minimum investment and eligibility requirements. Meeting an investment amount does not establish investor qualification or suitability. Let Paul know if you would like to discuss involving your CPA or attorney; information sharing requires your authorization.

Protect your information: do not include account numbers, Social Security numbers, passwords or tax returns in an initial inquiry.