Estate Planning: Consider the Tax Basis of Gifted or Inherited Property
Keith Woodcock, Senior Managing Director of World Equity Group in San Francisco, explains the tax basis of gifted and inherited property in his January Newsletter. Property basis drives capital gains. There are tax planning strategies for both owners and estates that can significantly limit or avoid capital gains tax on property when transferred.
Keith Woodcock is the Managing Director of the World Equity Group in San Francisco. He has more than three decades of experience managing assets for high net worth individuals and families with closely held businesses.