Episode 113: Carried interest and capital gains vs. ordinary income

In this episode:

• Reminder: tax extensions don’t extend the time to pay.

• Upcoming potential changes due to 2025 tax law expirations.

• Carried interest and capital gains vs. ordinary income.

• Proposed taxation of municipal bond interest.

• New early retirement withdrawal exception for emergencies (up to $1,000/year).

• Importance of certified appraisals for large non-cash donations.

• Theft losses from internet scams are not deductible unless business-related.

• Mileage deduction rules and common documentation pitfalls.

• Finalized update on BOI (Beneficial Ownership Information) reporting requirements for foreign companies.

We’re joined by Lauren Bunting, broker at Keller Williams Realty of Delmarva, who shares her journey from residential real estate agent to actively selling broker. Lauren dives into the evolving world of commercial real estate, the impact of the recent class-action lawsuit on agent compensation, and how these changes are reshaping buyer and seller relationships. She also talks strategy—highlighting how real estate, especially in resort areas, remains a powerful tool for wealth-building, whether it’s your first home, a vacation property, or a commercial investment. Her advice? Don’t wait for the perfect time to buy—buy, and give it time.