Brad Marsh, Co-Managing Shareholder of the San Francisco office and co-chair of the State and Local Tax (SALT) Practice, will discuss the timely implications of California Proposition 19. He and other panelists will discuss:
- Transfer of property tax basis AND keep the step
up for federal taxes (can it be done? If so, how. )
- Issues in multigeneration transfers ((grand)parent to child; then parent to child)
- LLC transfers
- Step transaction rule
- Can you trust your assessor to respect prior guidance
- What do I put in my letter to client about risks of reassessment or losing step up, etc.