🏑❌ Don't give your kids a home #shorts

724.3K viewsPublished: April 7, 20230m 43sScore: 75
Regulations & Compliance
beginner
Tax Strategy
LLC Structure
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Summary

Giving a home to an heir while alive can result in significant capital gains taxes for the heir if they sell it later. Instead, transferring the property through a trust after death allows for a step-up in basis, potentially eliminating capital gains taxes upon sale.

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