How to prepare for Biden capital gains tax increases?

[Brett Lee]

It sounds like capital gains taxes will increase under the Biden Administration. I'm curious to see what people's thoughts are in regards to protecting assets from Capital games. What types of things are you doing or recommending others do to protect assets from increased taxes?

Scenario: I just spoke with a friend of mine that is concerned that capital gains taxes will take a lot of The Inheritance that's him and his wife are set to receive. Most notably from the sell of a home that belongs to his mother-in-law. What thoughts and ideas do you guys have for him? Also does anybody have any recommendations for tax specialist that I can point him to?

[Pat L.]

Creative Carry FWD losses are my solution.