Phantom Carried Interest Tax Structuring

I'm in a position to earn phantom carried interest on several investments. Each investment is uncrossed and provides a "crystallized" promote, determining the amount of my carry. I can also receive liquidity over time intervals at my election.

Since phantom carry is taxed at ordinary income rates (as opposed to the long-term capital gains rate for traditional carry), I'm exploring any creative tax strategies to help minimize the tax burden.

A few ideas I've considered:

  • Defined Benefit Plan
  • Solo 401(k) Profit Sharing (with income earned through an LLC or C-Corp)

Has anyone implemented other strategies in similar situations? Would love to hear more suggestions.

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