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Deferring Taxation Using the Section 1042 "Rollover"

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This replay was recorded on May 23, 2017.

About This Meeting

Recent Federal legislation resulted in increased long-term capital gains tax rates. As a result, more business owners are expressing their interest for tax-deferred sales to ESOPs. As the selling shareholder to an ESOP, you have the option to pay the capital gains tax created by the sale, or if you are eligible, you can elect section 1042 of the Internal Revenue Code. Electing 1042 allows the selling shareholder(s) to defer the capital gains tax in connection with the sale to an ESOP, and if structured properly would result in a permanent avoidance of paying the capital gains tax.

You will learn:


Deferring Taxation Using the Section 1042 "Rollover"
Jamie Waldren, Wells Fargo Advisors LLC


Jamie M. Waldren

presenter photologo

Wells Fargo Advisors

Jamie, a CFP is a managing director - investments with Wells Fargo Advisors, LLC. Member SIPC. His experience is in retirement planning, including wealth management, assisting with business succession and ESOP strategies, structuring QRP portfolios, liquidity and asset management and providing access to, trust, and insurance services through affiliates and non-affiliates. He holds the following securities FINRA Securities Registrations, 7, 63, 8, and 31. Wells Fargo Advisors does not provide tax or legal advice.