What You Actually Keep: Stepped-Up Basis, Capital Gains, Your Bottom Line

Free online session: stepped-up basis, capital gains, and Prop 19 for inherited California property, in plain language. Live Q&A.

For California homeowners. The tax rules in this session are specific to the U.S. and California, so it won't apply to property in another country.

Most people inheriting a property have no idea how much the tax picture works in their favor. And most people who do know have heard just enough to be confused about what it actually means for their situation.

This session breaks it down in plain language. Not a legal lecture, just the practical knowledge you need to understand what you're actually walking away with, whether you sell, move in, or buy out a co-owner.

What we'll cover:

• What stepped-up basis is and why it's one of the most valuable things about inheriting property
• How capital gains actually works when you sell an inherited home versus a primary residence
• What Prop 19 does to your property tax picture if you move in
• How the tax picture changes depending on which path you take
• What questions to bring to your CPA so you walk into that conversation prepared

Questions this session answers:

• What is stepped-up basis?
• Do I pay capital gains on an inherited house?
• What does Prop 19 do to my property taxes if I move in?
• What should I ask my CPA?

What you walk away with: the free Capital Gains Estimate worksheet, filled in with your own numbers during the session, so you leave with a real estimate of what you'd keep instead of a guess.

Format: 45 minutes of teaching followed by 15 minutes of live Q&A. Bring your questions. At the end, you can book a free 30-minute call to walk through your specific situation.

Hosted by Scott Stollar | SellItScott | Certified Trust and Probate Specialist | Keller Williams Carlsbad DRE 02136497