#CapitalGainsTax

How Do I Gift an LLC That Holds Rental Property to a Trust for My Son?

Attorney Thomas B. Burton answers a reader question about how to gift the owner's interest in an LLC into a Revocable Living Trust in order

What You Should Know About Long Term Capital Gains Tax and New Basis At Death

Attorney Thomas B. Burton explains how you get one shot at new basis at death and why it is wise to not waste this opportunity to save on...

The $250/500K Home Sale Tax Exclusion for Your Principal Residence

Attorney Thomas B. Burton discusses one of the most valuable tax deductions available to homeowners when they sell their home and...

2018 Tax Reform--No Changes to New Basis at Death for Capital Gains Tax

Attorney Thomas B. Burton explains some of the recent changes to estate, and gift taxes due to the tax reform passed by Congress at the...

Charitable Giving? Consider Highly Appreciated Assets

Wisconsin Attorney Thomas B. Burton discusses charitable giving and why you might want to consider gifting highly appreciated assets vs....