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Foreign Currency Tax Swaps
- Many clients have purchased foreign currencies
over the past ten years. In some cases, the client may have
an unrealized tax loss.
- Commodities, unlike securities, are not
governed by "wash rules." Therefore, you can buy and
sell foreign currencies immediately.
- Asset Strategies International, Inc. (ASI)
can now provide a method by which the client can sell and immediately
repurchase their foreign currency at a preferential commission
spread (flat 2%).
- If you have a foreign currency with an overseas
bank or own a Swiss annuity, we can help you capture the tax
loss.*
- This strategy should be implemented
when the U.S. Dollar is at high levels compared to the foreign
currency to maximize the tax loss, not necessarily at the end
of a tax year.
For
more information or to see if a foreign currency tax swaps are
appropriate for you, click here.
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