Don't Get Hit With the NIIT

DON'T GET HIT WITH THE NIIT

Ten years into their retirement, James and Linda, formerly accomplished professionals, are facing an unexpected tax predicament due to robust investment gains and the Net Investment Income Tax (NIIT). Their trusted CPA outlined the issue: capital gains and the NIIT combined yield a 23.8% rate on capital gains and an additional 3.8% on other investment income. OUCH! The couple's portfolio success propelled them beyond the $250,000 adjusted gross income threshold subject to NIIT.

Seeking solutions, James and Linda turned to friends who suggested Piedmont, a respected family office with a 95-year legacy. This boutique firm excels in investment management and tax planning, working in tandem with CPAs. Piedmont's expertise encompasses tax strategies for individuals, trusts and charitable foundations.

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Collaborating with Piedmont, James and Linda strategically address their tax situation through asset allocation, gain or loss harvesting, and tax-exempt investments. They are reassured by their decision to enhance their advisory team with Piedmont's insights, benefiting current and future generations of their family.

For those curious about the advantages of a family office, we invite you to connect with us. Piedmont stands ready to discuss how our services can align with your financial objectives.

Contact us to learn more about Piedmont and how we can help you realize your financial objectives and solidify your family’s legacy.

The opinions expressed herein are those of Piedmont Capital Management, LLC (“Piedmont”) and are subject to change without notice. This material is not financial advice or an offer to sell any product. Piedmont reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. Every situation is unique, and results may differ depending on the facts and circumstances. Piedmont is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Piedmont including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. Trust services are offered through Piedmont Trust Company, which is organized under the laws of North Carolina. PCM-21-24