Tax Facts on Investments is your complete source for tax information that relates to investment planning and transactions. With thousands of easy-to-use Q&As covering the most critical topics, Tax Facts helps advisers of all kinds understand the tax implications of the recommendations that they make for their clients. Investment strategies and financial products are complex and come with unique tax implications, requiring advisers to have a deep understanding of this constantly evolving field to provide the comprehensive evaluations clients rely on.

This book features:

• Easy-to-read Q&As that comprehensively cover all aspects of investment planning and investment transactions
• Practical advice for any professional, including in-house investment planners, CPAs, and financial and estate planners
• Detailed explanations of the various types of investment products and techniques that are most commonly used by individuals and businesses
• Clear guidance on addressing practical challenges through Practice Points.
• Accurate tax knowledge to prevent issues from escalating into expensive errors, and enables effective solutions when problems arise

New in the 2026 Edition:

• Changes resulting from the One Big Beautiful Bill, such as:
• updated definition of a qualified small business, including the new tiered exclusion structure, and the qualified business income deduction for small businesses
• restoration of the 100 percent bonus depreciation with respect to property placed in service after January 19, 2025
• sunsetting of the current opportunity zones after 2026 and the setting of the new opportunity zones in 2027
• updated rules on the new ceiling for the low-income housing credit
• elimination of some of the Inflation Reduction Act's credits effective June 30, 2026
• new rules on reporting of business entertainment expenses
• new charitable deduction for taxpayers who do not itemize deductions
• Update on Notice 2025-33, which extends the transitional relief from backup withholding tax liability and associated penalties for any broker that fails to withhold and pay the backup withholding tax for any digital asset sale or exchange transaction effected in 2026
• Coverage of Soroban Capital Partners LP v. Commissioner, where the U.S. Tax Court addressed the application of the self-employment tax (SECA tax) to the distributive share of income of limited partners
• New rules on reporting of bitcoin to the IRS
• The latest on United States v. Waylon Wilcox, where the court stated that brokers are not required to backup withhold for digital asset sales

Key Topics Covered:

• Investment products like stocks, bonds, options, and futures
• Tax implications of investment purchases, sales, and trades
• Estate and gift tax implications
• Tax implications of various investment strategies
• Tax questions related to investments by both individuals and businesses
• Mutual funds, ETFs, REITs, and Unit Trusts
• Commodities such as livestock and oil & gas
• Real estate investments
• Precious metals, collectibles, bitcoins, and NFTs (non-fungible tokens)