The KPMG 2023 personal tax planning guide supports year-end tax planning and helps you plan for the year ahead.
Prepared by professionals from the Washington National Tax office, the KPMG 2023 Personal Tax Planning Guide provides information and planning tips to help you make sense of the complex and ever-evolving array of U.S. federal tax rules affecting individuals and their closely held businesses. Each chapter in this guide includes a brief overview of tax rules and planning tips that might be relevant to you.
2023 KPMG Personal Tax Planning Guide
A new section in the investment-related tax issues chapter to simplify the tax treatment of cryptocurrency transactions
A new derivative transactions section to address monetizing gains, mitigating risk, generating yield, and gaining exposure
New content on the wash sale rules–disallowing stock or security sale losses if you buy substantially identical stock or securities within 30 days before or after sale date
An update on state legislation for bypassing the $10,000 limitation for the state and local tax deduction
Excess business loss limitation update New links for accessing relevant Family Office webcast replays and articles Contributors
Partner, National Tax Leader, KPMG Private Enterprise
Tracy Thomas Stone
Principal-in-Charge - Estates, Gifts, and Trusts
Media contactsKPMG. Make the Difference.
Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. KPMG LLP does not provide legal services.
The information contained herein is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.
© 2024 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
