Episode #217 - Ugly Changes for Capital Gains
Episode description
On this episode of Open House, Reba and Eric begin with a light-hearted look at aquatic habitat etiquette and wind their way around to proposed changes to capital gains taxes that could have a devastating impact on you and your loved ones.
If you own investment property, or stand to inherit real estate, you’ll want to listen in to find out what actions you can take to prepare for the potential elimination of the “step up” clause, which recalibrates assessed property values upon the death of the owner for reckoning capital gains taxes. What might be the unintended consequences of this move, and how can you best prepare for it?
It’s a potluck of topics spanning fun to serious from your resident experts in real estate and lending on this episode of Open House with Team Reba.