Скачать или смотреть Do Gifted Business Shares Have Carryover Basis?

Are you considering gifting business shares within your family, and wondering about the tax implications? This video explores the crucial concept of carryover basis when transferring business ownership, a key consideration for strategic family business planning.

Understanding the tax basis for gifted business shares is essential for both the giver and receiver. Here's a quick overview of what you need to know:
► Gifted assets, including business shares, generally retain the donor's original cost basis for the recipient.
► This 'carryover basis' impacts future capital gains tax liabilities when the shares are eventually sold.
► The carryover basis rule differs from the 'stepped-up basis' rule typically applied to inherited assets.
► Proper documentation of the donor's original basis is crucial for the donee for future tax calculations.
► Consulting with a tax professional is highly recommended to navigate the complexities of gifting business assets and their basis implications.


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