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Gifting
What is a carryover basis?  When will you receive property subject to a carryover basis?  The video below has been prepared to provide additional information related to carryover basis.  You may ask, why do I care about taking property subject to a carryover basis as opposed to a step up in basis?  The simple answer...
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Many individuals wish to gift property and money to their friends and family and have questions regarding these gifts and the tax matters & implications associated with gifting.  The article below has been drafted to provide general information regarding gifting and the tax implications.   Who will pay the gift tax?   Generally, the person...
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