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Sell Inherited Property ASAP To Avoid Capital Gains Tax

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Sell inherited property as soon as possible if you want to avoid a capital

gains tax. In this episode, I'm going to address the

question "How to avoid paying capital gains tax on inherited

property." And get ready because you're going to

learn some things that maybe you didn't

understand.

So, I'm Doug Andrew. I've been a financial

strategist and retirement planning specialist for

more than 46 years. And I've helped many, many thousands of

clients during 4 ½ decades pay the least amount of income tax and

also capital gains tax on highly appreciated

assets when they sell them. So, in this episode, I'm going

to share with you the current law when I'm recording this

which is fall of the year 2020. And I'm going to

put some caveats because a lot of times government revenuers... And this is an

election year when I'm recording this. This is Trump and Biden. Biden has

already announced if he becomes president, he will change the capital

gains tax rate and do away with a step up in basis because he needs

to raise about 800 billion dollars for one of his health care initiatives.

And so, the laws can change. And so, in this

episode, I'm going to talk about what the law is now.


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