Description

Investing has gone beyond simply stocks, bonds and mutual funds. Today, high-net worth individuals are being offered a dizzying array of “alternative” asset classes and investments (commodities, foreign currency, gold, structured notes, exchange-traded notes, emerging market debt, leveraged ETFs, foreign sovereign debt, hedge funds, etc.). These investments often utilize complex financial instruments and derivatives (futures, forwards, swaps, and options, etc.), the taxation of which often catch the taxpayer and the tax professionals unaware.