#stepped-up-basis

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Real estate
fromSlate Magazine
2 hours ago

I Think My Parents Made an Expensive Mistake When They Bought Their House. I Want to Help Them Fix It.

Adding a spouse to a home's deed can increase the available capital-gains exclusion from $250,000 to $500,000, potentially saving tens of thousands in taxes.
fromRedfin | Real Estate Tips for Home Buying, Selling & More
1 month ago

What to Know About Gift Tax on Property: A Comprehensive Guide

Annual gift tax exclusion: $19,000 per person in 2025 ($38,000 for couples). Lifetime gift and estate tax exemption: $13.99 million in 2025, but expected to drop in 2026. Inheritance advantage: Stepped-up basis often saves heirs from significant capital gains taxes. Trusts and spousal transfers: Effective tools for transferring property when dealing with larger estates or married couples. Gifting a property to a loved one can feel like a generous way to pass on wealth, but the stringent regulations
Real estate
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