Thank goodness for tax deductions, right? 

Looking for a tax account that n KC area.Any recommendations? 

The parent to child transfer of property tax base, was changed this year, due to Prop 19.

The tax code allows for the raising of the cost basis to the higher price, minimizing the capital gains taxes owed if the asset is sold later.

I’m looking to avoid tax issues on all fronts.

We decided we'd like to transfer ownership to our children so we can help them avoid the new Proposition 19 law that requires property tax reassessment upon inheritance.

Yes there will be payroll expense and tax return fee, but in the end it is beneficial.

It is worth 3M now but the tax basis is close to 700k.

Hey everyone so due to the passage of prop 19 in CA, my dad has transferred our SFH which is our primary residence to myself and my brother in order to preserve our prop 13 tax base going forward.

With 1031 Exchange you are not paying any taxes.