• 116 - Gift Taxes and Understanding a Gift of Equity

  • Jul 19 2024
  • Length: 9 mins
  • Podcast

116 - Gift Taxes and Understanding a Gift of Equity  By  cover art

116 - Gift Taxes and Understanding a Gift of Equity

  • Summary

  • In this episode, I explain the concept of gifting equity, particularly in real estate scenarios, and the associated gift tax implications. I walk through a scenario where parents sell a house to their children at a lower price, discussing the need for a gift letter and the $17,000 annual gift tax exemption. No action requested, just valuable insights on gifting equity and tax considerations.

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