Скачать или смотреть Does Gifting Real Estate Create A Carryover Tax Basis?

Considering gifting real estate and wondering about the tax implications? This video delves into a crucial aspect: whether gifting property results in a 'carryover tax basis' for the recipient, and what that truly means for future transactions.

In this video, you will learn:
► The definition of 'carryover tax basis' in the context of gifted real estate.
► How the original donor's cost basis transfers to the recipient.
► The potential capital gains tax implications for the recipient when they eventually sell the property.
► Key differences between gifted property and inherited property regarding basis.
► Why understanding basis is vital for strategic real estate planning.


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