3 stories from the week to August 2, 2026, in the order they matter to someone who pays the top rate.
July 30, 2026
Advisors already place $2.2 trillion in less-liquid private capital. As that doubles, affluent investors face later tax forms, state filings and UBTI questions that public funds rarely raise.
In Prezioso v. Commissioner, the Tax Court focused less on the size of the deductions than on the pattern of concealment, from home renovations to a boat and a Ferrari lease.
Rep. Jodey Arrington's proposal would stop digital-asset investors from selling at a loss and buying right back, closing a gap that has made crypto the last easy venue for loss harvesting.
General information, not tax, legal or investment advice.