Mortgage Lab Podcast: How TAXES impact a Real Estate Transaction

Tax Talk: Navigating the Complex World of Gifts, Rental Properties, and Step-Up in Basis Join us for an insightful conversation with David Breinig, a seasoned tax expert, as we delve into the intricate world of tax implications surrounding gifts, rental properties, and step-up in basis. Discover how these factors can significantly impact your financial future. In this episode, we'll explore: Primary Residence Exclusions: How much can you make on your home and how can you avoid the taxes of selling? Gifts: Learn about the gift tax implications, annual exclusion amounts, and potential consequences of gifting assets. Rental Properties: Understand the tax benefits and challenges associated with owning rental properties, including deductions, depreciation, and capital gains. Step-Up in Basis: Discover how the step-up in basis can affect the value of inherited property and its potential tax implications. Gifts of Equity: Explore the tax considerations when gifting equity in a property or business. Whether you're a homeowner, investor, or simply curious about tax planning, this episode offers valuable insights to help you make informed financial decisions. Don't miss out! 🍿 WATCH NEXT ========================= • Mortgage Lab Podcast: How your Person... Guest Contact: David Breinig, CPA https://www.davidbreinigcpa.com/ / davidbreinig41 📽Video Sponsor ------------------------------------------------- NEO Experience App Get started 👉: www.homeownersuccessapp.com Activation Code: HUMPHREY Let's Connect ******************************* 📷 Instagram: / timhumphrey 💻 Website: www.HumphreyMortgageTeam.com 🤝🏻 Linkedin: / tim-humphrey