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Investing the "1042 Rollover"
(Concurrent Sessions 11)
Wednesday, September 18 :: 2:25–3:10
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.
UBS Financial Services Inc.
Curt is a member of the ESOP Group at UBS, based in Atlanta, which has been advising business owners on 1042 strategies for over 30 years. Prior to joining the team, he worked in the UBS Portfolio Advisory Group developing customized portfolios for the firm's largest clients. Curt started his career in NYC working for Merrill Lynch in derivatives and alternate investments and has a BA in economics from Vanderbilt University.