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S
Sarah Mitchell
Smithson Family Trust
Estate Value: $4,200,000 • Last Review: 12/15/2024
Step-Up Benefit
$45,230
Gifts This Year
$86,000
Harvestable Losses
$19,750
Exemption Remaining
96.4%
Tax Dashboard
2025 Tax Year Overview
Portfolio Value
$4,200,000
Current Market Value
Unrealized Gains
+$1,450,000
+52.73% from cost basis
Estate Tax Exposure
$0
$9,790,000 exemption remaining
Step-Up Benefit
$290,000
Potential tax savings for heirs
Estate Tax Exemption Usage
$13,990,000 exemption (Single)Used: $4,200,000Remaining: $9,790,000
30.0% of exemption used
Tax Optimization Opportunities
1 identifiedStep-Up Basis Benefit
highBeneficiaries inherit assets at current market value, avoiding capital gains on appreciation
Review beneficiary designations
$290,000
potential savings
Upcoming Tax Dates
Tax Filing Deadline
April 15, 2026
85 days
Q3 Estimated Tax
September 15, 2026
238 days
Year-End Tax Planning
December 31, 2025
345 days
Quick Reports
Important Tax Disclaimer
This dashboard provides estimates for informational purposes only and does not constitute tax advice. Tax laws are complex and change frequently. Please consult with a qualified tax professional for advice specific to your situation.
Professional Notes
Tax Planning Recommendations
- Consider tax-loss harvesting SOL and MATIC positions before year-end
- Review gift strategy - client can give additional $54,000 before using lifetime exemption
- 2026 exemption sunset planning - evaluate accelerated gifting strategy
- Schedule annual review meeting before Q4
Professional Use Only: This tax analysis is provided as a tool for estate planning professionals. All tax advice should be reviewed and verified before presenting to clients.