💰 The Millionaire Tax Loophole That You Can Use Too
Summary
This video explains the concept of 'step-up in basis' as a tax strategy for inheriting real estate. It advises viewers to have their parents place real estate into a trust, naming them as the beneficiary, instead of buying directly from them. This avoids the probate process and allows for lower capital gains taxes when the property is eventually sold.
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Curated by Learn STR by GoStudioM